Vocab 4.1

Front

Production & distribution of oil & gas

Back

petroleum industry

Front

Wealth and resources of a nation and their management

Back

Economy

Front

Equipment, factories, or money used to produce goods or services

Back

capital

Front

Cycle of intense highs and lows

Back

boom/bust economy

Front

Increasing variety of products and industries

Back

Diversification

Front

Large scale industrial agriculture and related activities like food processing and marketing.

Back

agribusiness

Front

Individuals have the right to own businesses and make money with limited government interference.

Back

Free enterprise

Front

A person who organizes a business and assumes the risks involved.

Back

entrepreneur

Front

Money made in a business after expenses:

Back

Profit

Front

Chemicals/products from petroleum or natural gas

Back

petrochemicals