SS8 Unit 1 Vocabulary

An economic system based on private property and free enterprise

• Capitalism

• Trust

• Quota System

• Laissez-Faire

The practice of combining different companies into one

• Nativism

• Consolodation

• Productivity

• Trust

Type of business or organization owned by many people but treated by law as though it were a person.

• Capitalism

• Mass Production

• Nativism

• Corporation

The resources used in the production process including natural resources, labor and capital $$.

• Monopoly

• Quota System

• Transcontinental RR

• Factors of Production

A belief the government should have as little involvement in private life as possible (HANDS OFF)

• Laissez-Faire

• Mass Production

• Consolodation

• Capitalism

Factory production of goods in large quantities.

• Monopoly

• Mass Production

• Nativism

• Quota System

A market where there is only one provider of a good or service. Consumers are "forced" to buy the product/service from only one person/company.

• Quota System

• Transcontinental

• Monopoly

• Nativism

Belief that native born Americans are superior to foreigners.

• Capitalism

• Factors of Production

• Monopoly

• Nativism

A measure of how much a worker can produce within a given amount of time and effort.

• Productivity

• Corporation

• Trust

• Consolodation

An arrangement setting the number of immigrants, from a particular country, allowed in to the United States.

• Consolodation

• Quota System

• Mass Production

• Transcontinental RR