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Social Studies

QuestionAnswer
subsidization money granted by the government to assist a business or industry in lowering the cost of its product/service
outsourcing the transfer of work/production from one country to another where the cost of labor/manufacturing is cheaper
dissident a person who opposes the authority of an established government
graft financial gain through illegal means, typically through kickbacks and bribes
privatize to transfer a business, industry, or service for public (government) to private control
rations a fixed amount of a product or service allowed during times of shortage
production quota the required amount of a specific good that must be produced in a given timeframe
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
Himalayan Mountains World’s highest mountain range • Located along the northern edge of the Indian subcontinent • Forms the southern border of China
Korean Peninsula Juts out of northeastern China in between the Yellow Sea and the Sea of Japan • Has been divided into two countries since 1948
Taklimakan Desert- Lies between two rugged mountain ranges in northwestern China
Gobi Desert Stretches across southern Mongolia and northern China • Asia’s largest desert
Indian Ocean- Lies between Africa to the west, Asia to the north, Australia to the east, & the Southern Ocean to the south • 3rd largest ocean
Created by: Bryson M
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