Group V vocabulary Flashcards
Quiz on Wednesday, November 30th!
Terms : Hide Images [1]
| 259703191 | Capitalism | an economic system based on private ownership of capital | 0 | |
| 259703192 | Sole proprietorship | a business owned and managed by a single individual | 1 | |
| 259703193 | Corporation | a business owned by stockholders who share in its profits but are not personally responsible for its debts | 2 | |
| 259703194 | Cartels | combinations of corporations that control an entire industry | 3 | |
| 259703195 | Monopoly | a market in which there are many buyers but only one seller | 4 | |
| 259703196 | Socialism | an economic system based on state ownership of capital | 5 | |
| 259703197 | Collective bargaining | negotiation between an employer and trade union | 6 | |
| 259703198 | Proletariat | a social class comprising those who do manual labor or work for wages | 7 | |
| 259703199 | Communism | a political theory favoring collectivism in a classless society; a form of socialism that abolishes private ownership | 8 | |
| 259703200 | Aerodynamics | the branch of mechanics that deals with the motion of gases (especially air) and their effects on bodies in the flow | 9 | |
| 259703201 | Genetics | the branch of biology that studies heredity and variation in organisms | 10 | |
| 259703202 | Laissez-faire | the doctrine that government should not interfere in commercial affairs | 11 | |
| 259703203 | Pasteurization | partial sterilization of foods at a temperature that destroys harmful microorganisms without major changes in the chemistry of the food | 12 | |
| 259703204 | Quantum | (physics) the smallest discrete quantity of some physical property that a system can possess (according to quantum theory) | 13 | |
| 259703205 | Protectorate | a state or territory partly controlled by (but not a possession of) a stronger state but autonomous in internal affairs | 14 | |
| 259703206 | Assimilation | the social process of absorbing one cultural group into harmony with another | 15 | |
| 259703207 | Ultimatum | a final peremptory demand | 16 | |
| 259703208 | Belligerents | nations, states, or their citizens at war | 17 | |
| 259703209 | War of attrition | A war based on wearing the other side down by constant attacks and heavy losses | 18 | |
| 259703210 | Contraband | goods whose importation or exportation or possession is prohibited by law | 19 |