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SS Chapter 11 Terms
| Term | Definition |
|---|---|
| Consumer | Someone who buys or uses goods and services |
| Investor | Someone who puts money into a business hoping to make a profit. |
| Profit | The money a business earns after all its expenses are paid |
| Urbanization | The growth or spreading of cities |
| Free Enterprise System | An economic system in which people are free to start their own businesses or to do whatever work they want; also called capitalism or free market system. |
| Entrepreneur | Someone who takes a risk to start a business. |
| Corporation | A large business owned by investors |
| Stock | A financial share of ownership of a company |
| Assembly Line | A factory system in which a product is put together as it moves past a line of workers, each of whom does one part of the whole job |
| Monopoly | A company that has control of an entire industry |
| Diversity | variety within a group |
| Prejudice | Unfair, negative opinions about a group of people |
| Oppression | Unjust treatment of a person or group by a government |
| Labor Union | A group of workers , usually in the same type of job, who have united to demand better wages and working conditions |
| Melting Pot | A place where different peoples, cultures, and ideas are mixed together |
Created by:
Amy Burson
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