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SS Vocab 2

Stack for the second social studies vocab quiz of 2016

TermDefinition
Social Darwinism “Survival of the fittest:” the belief that the people who are rich and powerful are there because they proved themselves and deserve to be there, and the same for those who are poor.
Stock Shares of ownership in a corporation
Stock market The market in which shares of publicly held companies are issued and traded either through exchanges or over-the-counter markets.
Stockholder/Shareholder The owner of stock (a piece of a corporation)
Corporation A group legally organized to act and to have its own rights separate from those of its members; a company in which the owners hold shares of stock and the firm has a separate legal identity from its owners.
Monopoly Dominance in or control of a market for certain goods or services by a single company or combination of companies
Free Enterprise An economic system where few restrictions are placed on business activities and ownership and where governments generally have minimal ownership of enterprises in the market place.
Created by: lopiegabby