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AChangingState

My World: Ohio Chapter 5

TermDefinition
goods products that people make, use, or share
entrepreneur someone who takes risks to start a new business
refinery a factory that turns a raw material, such as oil, into a more useful product
competition the act of trying to win business from the same group of customers
monopoly complete control by one company over goods and business in a certain market
boom a period of rapid economic growth
trolley a streetcar that runs on tracks
sanitation the act of cleaning; in cities it includes sewage systems, trash collection, and street cleaning
settlement house groups that provided services to immigrants and others living in cities, taught immigrants English, business skills, gave free meals, and medical care
innovation a new idea, method, or device
patent an official document that gives an inventor the only right to make, sell, or use his or her invention
laboratory a room or building where experiments take place
Created by: MLFedak
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