Chapter 11 Set 1 Vocabulary

Someone who buys or uses goods and services.

• civilian

• client

• farmer

• consumer

A communications system invented by Samuel Morse that uses coded bursts of electricity to send messages over long distances.

• tepee

• telegraph

• railroad

• engine

Someone who puts money into a business hoping to make a profit.

• investor

• investigator

• detective

• corporation

The money a business earns after all its expenses are paid.

• profit
• investment
• loss
• revenue

The growth or spreading of cities.

• metropolitan
• ruralization
• urbanization
• suburbanization

An economic system in which people are free to start their own businesses or to do whatever work they want; also called capitalism or free market system.

• free enterprise system

• feudalism
• communism
• socialism

Someone who takes a risk to start a business.

• risk taker
• innovator
• entrepreneur
• business owner

A large business owned by investors.

• partnership
• nonprofit organization
• corporation
• sole proprietorship