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Chap 8&9 Vocabulary
Chap 8 & 9 Vocabulary
Question | Answer |
---|---|
Products made for personal use | consumer goods |
Taking home a product after paying only part of the price and then making monthly payments until the product is paid for. | installment buying |
An extra amount | surplus |
The process in which tasks that were once done by hand are now done by machines | mechanization |
The movement of people to cities | urbanization |
To travel back and forth to work | commute |
A music style influenced by the music of West Africa and by spirituals and blues | jazz |
A time of great interest and activity in the arts | renaissance |
A place where people buy and sell stocks or share in companies | stock market |
Someone who uses money to buy or make somthing profitable | investor |
A time when industries do not grow and many people are out of work | depression |
The number of workers without a job | unemployment |
A plan for spending in which a government does not spend more money than it makes | balanced budget |
An idea for a law | bill |
Retirement income paid to people who stop working at a certain age | pension |
By law, the lowest amount of money that a person can be paid per hour | minimum wage |