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History #1
Term | Definition |
---|---|
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 |