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Lesson 32 Vocab
Lesson 32 Vocabulary
Term | Definition |
---|---|
cartography | The science and art of making maps. |
colonies | A territory, often very large, under the political and economic control of another country. |
detrimental | Something that does harm or damage. |
epidemics | An outbreak of a contagious disease that spreads quickly and over a wide geographic area. |
inflation | A rise in prices, often due an increase in the supply of money. |
capitalism | An economic system based on investment of money for profit. |
market economy | An economy in which prices are determined by the buying and selling decisions of individuals in the marketplace. |
cottage industry | A small-scale business in which people produce goods at home. |
mercantilism | An economic policy by which nations try to gather wealth by establishing colonies and controlling trade. |
policy | An overall plan, especially of a government. |