Chapter 11 vocabulary

What is a monopoly?

• A company that has control of an entire industry.

• A type of factory that turns oil into different products, such as gasoline.

• Unjust treatment of a person or group by a government.

• A building that has been divided into many small apartments.

What is a labor union?

• A group of workers, usually in the same type of job, who have united to demand better wages and working conditions.

• A factory system in which a product is put together as it moves past a line of workers, each of whom does one part of the whole job.

• Someone who takes a risk to start a business.

• A large business owned by investors.

What is urbanization?

• The growth or spreading of cities.

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

• Variety within a group.

• Someone who buys or uses goods and services.

What is a tenement?

• A building that has been divided into many small apartments.

• A financial share of ownership of a company.

• A type of factory that turns oil into different products, such as gasoline.

• A place where different people, cultures, and ideas are mixed together.

What is prejudice?

• Unfair, negative opinions about a group of people.

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

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

• A group of workers, usually in the same type of job, who have united to demand better wages and working conditions.

What is a refinery?

• A type of factory that turns oil into different products, such as gasoline.

• A financial share of ownership of a company.

• A factory system in which a product is put together as it moves past a line of workers, each of whom does one part of the whole job.

• A place where different people, cultures, and ideas are mixed together.

What is diversity?

• Variety within a group.

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

• Someone who takes a risk to start a business.

• A large business owned by investors.

What is an investor?

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

• A financial share of ownership of a company.

• A type of factory that turns oil into different products, such as gasoline.

• A place where different people, cultures, and ideas are mixed together.

What is a free enterprise system?

• 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.

• A financial share of ownership of a company.

• A type of factory that turns oil into different products, such as gasoline.

• A place where different people, cultures, and ideas are mixed together.

What is a corporation?

• A large business owned by investors.

• A financial share of ownership of a company.

• A type of factory that turns oil into different products, such as gasoline.

• A place where different people, cultures, and ideas are mixed together.