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Chapter 5 SS Vocab
| Term | Definition |
|---|---|
| boom | a period of rapid economic growth |
| competition | the act of trying to win business from the same group of customers |
| entrepreneur | someone who takes risks to start a new business |
| goods | products that people make, use, or share |
| monopoly | complete control by one company over goods or business in a certain market |
| refinery | a factory that turns a raw material, such as oil, into a more useful product |
| sanitation | the act of cleaning; in cities it includes sewage systems, trash collection, and street cleaning |
| settlement house | groups that provided services to immigrants and others living in cities. They taught immigrants English and business skills and gave free meals and medical care. |
| trolley | a streetcar that runs on tracks |
| innovation | a new idea, method, or device |
| laboratory | a room or building where experiments take place |
| patent | an official document that gives an inventor the only right to make, sell, or use his or her invention |