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History #1

TermDefinition
Entrepreneur Person who invests money in a product or business with goal of making a profit
Protective tariff Tax on imported goods making the price high enough to protect domestic goods from foreign competition
Laissez faire Lenient as in yhe absence of government control over private business
Patent Official rights given by the govenment to an inventor for the exclusive right to develop use, and sell an invention for a set period of time
Bessemer process Method developed in the mid-1800s for making steel more efficiently
Suspension bridge Bridge that had a roadway suspended by cables
Time zone Any of the 24 longitudinal areas of thw world within which the same time is used
Mass production
Created by: Emilyk34
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