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SS Vocab
| Term | Definition |
|---|---|
| a plan for spending and saving one’s income | budget |
| an individual, bank, or company who loans money | lender |
| a sum of money given for designated period of time which must be repaid | loan |
| financial obligations, such as bills | expenses |
| the required amount of a specific good that must be produced in a given time frame | production quota |
| a loan of money | credit |
| percentage of a borrowed sum of money which must be paid in addition to the repayment of the loan itself | interest |
| producing only what is necessary for personal use/survival | subsistence |
| to transfer a business, industry, or service for public (government) to private control | privatize |
| financial gain through illegal means, typically through kickbacks and bribes | graft |
| the transfer of work/production from one country to another where the cost of labor/manufacturing is cheaper | outsourcing |
| Economic system based on traditions and customs. Bartering is the means of exchange. | Traditional economy |
| Housing, food, healthcare, educational opportunities, and income available to the people in a country is | standard of living |
| Bridges, ports, roads, and water treatments are all examples of | Infrastructure |
| The part of the economy owned and operated by private citizens, example Wal-mart | private sector |
| The percent of a country’s population over the age of 15 that can read and write | literacy rate |
| The contamination of streams, rivers, lakes, oceans, or groundwater with substances produced through human activities. | Water pollution |
| Characterized by belief in or worship of more than one god. | Polytheistic |
| The sovereign or supreme male monarch of an empire. * | Emperor |
| When monsoons are too severe, the rivers overflow & water sweeps over the land • Homes & crops are buried and lives are lost | Flooding |
| Containment | (military) the act of containing something or someone; keeping it from spreading; |
| Alliance | a union between people, groups, countries, etc. : a relationship in which people agree to work together. : the state of being joined in some activity or effort : the state of being allied. |
| Reparations | Compensation or remuneration, as for damage or economic loss, required from a nation defeated in war; to pay |
| Sovereign | 1 : supreme power especially over a political unit (as a country) 2 : a country's independent authority and right of self-control. |
| Imperialism | is a policy (way of governing) in which large or powerful countries seek to extend their authority beyond their own borders. The policy of imperialism aims at the creation of an empire. Imperialist countries take control of other countries. |
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yalena.alford01
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