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SS Vocab

a plan for spending and saving one’s income budget
an individual, bank, or company who loans money lender
a sum of money given for designated period of time which must be repaid loan
financial obligations, such as bills expenses
the required amount of a specific good that must be produced in a given time frame production quota
a loan of money credit
percentage of a borrowed sum of money which must be paid in addition to the repayment of the loan itself interest
producing only what is necessary for personal use/survival subsistence
to transfer a business, industry, or service for public (government) to private control privatize
financial gain through illegal means, typically through kickbacks and bribes graft
the transfer of work/production from one country to another where the cost of labor/manufacturing is cheaper outsourcing
Economic system based on traditions and customs. Bartering is the means of exchange. Traditional economy
Housing, food, healthcare, educational opportunities, and income available to the people in a country is standard of living
Bridges, ports, roads, and water treatments are all examples of Infrastructure
The part of the economy owned and operated by private citizens, example Wal-mart private sector
The percent of a country’s population over the age of 15 that can read and write literacy rate
The contamination of streams, rivers, lakes, oceans, or groundwater with substances produced through human activities. Water pollution
Characterized by belief in or worship of more than one god. Polytheistic
The sovereign or supreme male monarch of an empire. * Emperor
When monsoons are too severe, the rivers overflow & water sweeps over the land • Homes & crops are buried and lives are lost Flooding
Containment (military) the act of containing something or someone; keeping it from spreading;
Alliance a union between people, groups, countries, etc. : a relationship in which people agree to work together. : the state of being joined in some activity or effort : the state of being allied.
Reparations Compensation or remuneration, as for damage or economic loss, required from a nation defeated in war; to pay
Sovereign 1 : supreme power especially over a political unit (as a country) 2 : a country's independent authority and right of self-control.
Imperialism is a policy (way of governing) in which large or powerful countries seek to extend their authority beyond their own borders. The policy of imperialism aims at the creation of an empire. Imperialist countries take control of other countries.
Created by: yalena.alford01