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Social Prep Vocab



Introduction of power driven machinery and a system of employment where workers gather specifically for the purpose of production Constitution
An economic system adopted to increase a nation’s wealth by government regulation of all the nation’s commercial interests.  Mercantilism
The exchange of capital, goods and services across international border or territories.  Industrialization
A territory under the immediate control of a state. Monopoly
An economic system in which wealth are privately owned and controlled rather than publicly. Colony
Use or utilization, especially for a profit   International Trade
A gift of real estate - land or privileges- made by the government or other authority as a reward Entrepreneur
A state or territory partly controlled by a stronger state; established by a treaty, these regions are autonomous in internal national affairs.  Land Grant
An area or region over which an organization or state exercises cultural, economic, military, or political domination Colonialism
A person who has possession of an enterprise, or venture, and assumes significant accountability for the inherent risks and the outcome. Sphere Of Influence
Law determining the fundamental political principles of a government Annihilation
a market in which there are many buyers but only one seller who has exclusive control of the item being sold  Exploitation
the act of reducing to nothing Protectorate
extension of power, control or rule by one country over areas outside its borders. The areas so controlled or ruled may be called that country's empire. Capitalism

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