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Lesson 32 Vocab

Lesson 32 Vocabulary

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.
Created by: msheppard649