AP World History Foundational Vocabulary (Economic) Flashcards
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10499418374 | Agrarian | concerning farms, farmers, or the use of land | 0 | |
10499418375 | pastoral | A work of literature dealing with rural life | 1 | |
10499418376 | commerce | the buying and selling of goods and services | 2 | |
10499418377 | pastoral | used for or related to the keeping or grazing of sheep or cattle | 3 | |
10499418378 | commodity | a raw material or primary agricultural product that can be bought and sold, such as copper or coffee. | 4 | |
10499418379 | Surplus | A situation in which quantity supplied is greater than quantity demanded | 5 | |
10499418380 | Export | A good or service produced in the home country and sold in another country. | 6 | |
10499418381 | import | bring (goods or services) into a country from abroad for sale. | 7 | |
10499418382 | Inflation | a general increase in prices and fall in the purchasing value of money. | 8 | |
10499418383 | labor systems | system of labor in which people do specialized jobs | 9 | |
10499418384 | Industrialization | the development of industries in a country or region on a wide scale. | 10 | |
10499418385 | Specialization of Labor | Focusing work effort on a particular product or a single task | 11 |