8th Grade SS Unit 2 Vocabulary

an economic system where trade and industry are controlled by private owners for profit, rather than by government

an economy based on supply and demand, with little government intervention; also known as a market economy

a government in which power is held by a small group of people

the process of turning metal into coins

a business strategy in which a company expands its operations at the same stage of the supply chain in its industry

a share in the ownership and profits of a company

a company that is legally separate from its owners

how much of a good or service is available to buy

the practice of planting a different crop each season to maintain soil health

the basic structures that help communities run, such as roads, ports, aqueducts, powerplants, cell towers, etc