U1 Vocab Flashcard #1

Front

Collective bargaining

Back

Negotiations between employers and employees about wages and working conditions.

Front

Innovation

Back

a new idea, device, or method

Front

Labor unions

Back

An organization that unites workers for better wages and conditions.

Front

Mass production

Back

High-volume, low-cost manufacture of identical items using specialization and interchangeable parts.

Front

Strike

Back

A form of protest where workers refuse to work.

Front

Urbanization

Back

the growth of cities

Front

Capitalism

Back

An economic system where all resources are privately owned and markets determine their distribution.

Front

Entrepreneur

Back

A person who organizes, manages, and takes on the risks of starting a business.

Front

Child labor

Back

Using children to work in factories and businesses

Front

Corporation

Back

Business owned by many investors who buy shares.