Unit 2 Vocab P.1

a written grant that gives permission for an institution to begin (like a colony)

includes the rights and privileges of its members

• Charter
• Constitution
• Declaration

actions that involve the making and consuming of products, goods and services

money making activities

• economic activity

• charter

• self-governance

a company whose shareholders own stock in the company

• Joint-Stock Company

• Charter

• economic activity

a person under contract to work without pay in exchange for a free trip to the colonies

• Indentured Servant
• Slave
• Pilgrim

a material found in nature that can be used to sustain a society or for economic gains

(minerals, water, living things, etc)

• natural resource

• charter

• man made resource

the basic substances and elements needs to make products

(lumber, iron ore, cotton, etc)

• Raw materials
• Finished goods
• Services

the control of a community’s laws and day to day life rather than by an outside ruler or monarch (king or queen

• self-governance

• monarchy

• dictatorship