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vocab
Question | Answer |
---|---|
rations | a fixed amount of a product or service allowed during times of shortage |
production | the required amount of a specific good that must be produced in a given time frame |
subsistence | producing only what is necessary for personal use/survival |
credit | a loan of money |
interest | percentage of a borrowed sum of money which must be paid in addition to the repayment of the loan itself |
loan | a sum of money given for designated period of time which must be repaid |
budget | a plan for spending and saving one’s income |
expenses | financial obligations, such as bills |
lender | an individual, bank, or company who loans money |
liquid | money which one has on-hand that can be freely spent |
subsidization | money granted by the government to assist a business or industry in lowering the cost of its product/service |
dissident | a person who opposes the authority of an established government |
privatize | to transfer a business, industry, or service for public (government) to private control |
subsidization | money granted by the government to assist a business or industry in lowering the cost of its product/service |
outsourcing | the transferring of work/manufacturing from one country to another country where labor and supplies are less expensive |
dissident | a person who opposes the authority of an established government |
graft | financial gain through illegal means, especially through kickbacks and bribes |
privatize | the transfer of a business, industry, or service from public (government) to private ownership and control. |
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. |