Ch 12-13 Vocab Test

Front

Economic system where trade & industry are privately owned

Back

Capitalism

Front

Government authority granting exclusive rights to an invention for a set period.

Back

Patent

Front

Official count or survey of product

Back

census

Front

Group authorized to act as one entity

Back

Corporation

Front

Economic system with private business free from state control.

Back

Free enterprise

Front

Nearly identical parts that can be swapped when damaged.

Back

interchangeable parts

Front

Exclusive control of supply or trade of goods/services

Back

Monopoly

Front

Trade between states

Back

Interstate Commerce

Front

Give up power or territory

Back

Cede

Front

Road where toll is collected by a private company

Back

Turnpike