US 2.0 Vocabulary

What is the definition of capitalism?

• The process of turning metal into coins

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

• A company that is legally separate from its owners

• The practice of alternating crops grown on the same land to preserve soil fertility and reduce pests

What is the definition of coinage?

• The process of turning metal into coins

• A portion of a company’s profits paid to shareholders

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

• The desire and ability of consumers to purchase goods or services at a given price

What is the definition of corporation?

• A company that is legally separate from its owners

• The practice of cutting flat areas into slopes to create farmland and reduce erosion

• Exclusive control of a product or service in a particular market

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

What is the definition of crop rotation?

• The practice of alternating crops grown on the same land to preserve soil fertility and reduce pests

• The combination of two or more companies into one

• Large-scale manufacturing of goods using standardized designs and assembly-line techniques

• The amount of a good or service available for sale at a given price

What is the definition of demand?

• The desire and ability of consumers to purchase goods or services at a given price

• A share in the ownership and profits of a company

• Someone who helps fund organizations by investing and loaning large amounts of money

• A policy or attitude of letting things take their own course without interfering

What is the definition of dividend?

• A) A portion of a company’s profits paid to shareholders

• B) The process of turning metal into coins

• C) The development of an area to gain more attributes of a city, including a higher population

• D) An economic system where prices are determined by supply and demand with little or no government control

What is the definition of entrepreneur?

• A) A person who takes the risk to organize resources to produce a new or better good or service in hopes of gaining a profit

• B) The practice of cutting flat areas into slopes to create farmland and reduce erosion

• C) The combination of two or more companies into one

• D) A form of government in which power is held by a small group of people

What is the definition of financier?

• Someone who helps fund organizations by investing and loaning large amounts of money

• The process of turning metal into coins

• The amount of a good or service available for sale at a given price

• A company that is legally separate from its owners

What is the definition of free market?

• An economic system where prices are determined by supply and demand with little or no government control

• The desire and ability of consumers to purchase goods or services at a given price

• Exclusive control of a product or service in a particular market

• The practice of alternating crops grown on the same land to preserve soil fertility and reduce pests

What is the definition of horizontal integration?

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

• The process of turning metal into coins

• The combination of two or more companies into one

• A share in the ownership and profits of a company