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Invention and Immigration vocabulary: 5th Grade

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Term
Definition
monopoly   a company that has control of an entire industry  
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free enterprise   An economic system in which people are free to start their own businesses and own their own property- the economic system of the USA.  
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capital resources   The money, tools, machines, buildings, and equipment a company uses to provide and/or produce goods and services.  
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human resources   The people who work to produce goods and services.  
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consumer   A person who buys and/or uses goods and services.  
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investor   A person who gives money to a business or project, hoping to make a profit (earn money).  
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stock   A share of a company that is sold to an investor.  
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corporation   A business owned by investors.  
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diversity   Variety, an assortment  
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prejudice   An unfair negative opinion about a group of people.  
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labor union   A group of workers joined together to fight for improved working conditions and better wages and benefits.  
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sweatshop   A factory or workshop where people work under poor conditions.  
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strike   The refusal of workers to work until business owners meet their demands.  
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Alexander Graham Bell   Inventor of telephone  
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Andrew Carnegie   The builder of a huge steel empire.  
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Thomas Edison   Inventor of the electric light bulb and the phonograph (record player).  
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Labor Day   A holiday to celebrate American workers.  
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Angel Island   A West Coast entrance site for Asian immigrants, near San Francisco.  
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Ellis Island   An East Coast entrance site for European immigrants, near New York City.  
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John Rockefeller   Businessman who founded Standard Oil of Ohio, monopolist.  
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Created by: briansegool
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