transfer of ownership of businesses from the government to individuals

part of society that is neither very rich nor poor but has enough money to buy cars, new clothing, electronics, and luxury items

situation that arises when a worker must take a job that requires lesser skills than he or she possesses

person who receives regular payments from the government because he or she is too old or sick to work

manufacture of goods such as machinery, mining equipment, and steel

manufacture of consumer goods such as clothing, shoes, furniture, and house hold products

to lay out money so as to return a profit

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15-1

A Changing Russia

Term	Definition
privatization	transfer of ownership of businesses from the government to individuals
middle class	part of society that is neither very rich nor poor but has enough money to buy cars, new clothing, electronics, and luxury items
underemployment	situation that arises when a worker must take a job that requires lesser skills than he or she possesses
pensioner	person who receives regular payments from the government because he or she is too old or sick to work
heavy industry	manufacture of goods such as machinery, mining equipment, and steel
light industry	manufacture of consumer goods such as clothing, shoes, furniture, and house hold products
comprise	to be made up of
invest	to lay out money so as to return a profit
volume	amount

Created by: akennon

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