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North America Vocab

QuestionAnswer
Agriculture industry section of the economy that produces livestock, poultry, fish and crops. It is also important to the food security of every nation and region
manufacturing industry those that engage in the transformation of goods, materials or substances into new products. The process can be physical, chemical or mechanical. Manufacturers often have plants, mills or factories that produce goods for public consumption.
supply and demand interaction between the sellers of a resource and the buyers for that resource., The higher the demand, less supply, price increases, less demand more supply, price decreases. Try to find the equal point.
service industry a business that does work for a customer, and occasionally provides goods, but is not involved in manufacturing. Ex) Doctors, teacher, plumber, electrician
retail industry supermarkets, department stores, chain stores, specialty stores, , online merchants, and door-to-door sellers. Retail stores buy their goods from wholesalers, stock the goods, and resell them to individual consumers in small quantities
entrepreneur a person who organizes and operates a business,
free enterprise system an economic system in which private business operates in competition and largely free of state control
checks and balances organization or system is regulated, typically those ensuring that political power is not concentrated in the hands of individuals or groups, ex)keeping one another/business/government in check, to make sure things are done correctly
Parliament (Canadian) federal legislature of Canada, seated at Parliament Hill in Ottawa, the national capital. The body consists of the Canadian monarch, represented by a viceroy, the Governor General; an upper house, the Senate; and a lower house, the House of Commons
civic responsibility responsibilities of a citizen
citizenship the status of a citizen with rights and duties
immigration migration into a place (especially migration to a country of which you are not a native in order to settle there)
rural living in or characteristic of farming or country life
urban located in or characteristic of a city or city life
naturalization the proceeding whereby a foreigner is granted citizenship
Created by: teachyoung
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