USH Unit 1 Vocab pt. 2

Front

Migration

Back

Movement from one place to another.

Front

Technological innovation

Back

Something new, such as a new method or product.

Front

Scientific discovery

Back

A new achievement through knowledge of nature and society.

Front

Industrialization

Back

Changing from agriculture to manufacturing; from hand-made to machine-made.

Front

Entrepreneur

Back

A person who runs a business, taking on all the risk and receiving all the reward.

Front

Free enterprise

Back

An economic system where businesses compete with minimal government control.

Front

Monopoly

Back

Exclusive control of an industry or service.

Front

Trust

Back

a form of monopoly

Front

Urbanization

Back

the process by which towns and cities are formed

Front

Laissez-faire capitalism

Back

the economy runs best with no government interference