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Big Bus/Monopoly
| Term | Definition |
|---|---|
| Industrial Revolution | Major social and economic changes that occurred in Britain, Europe, and the U.S. in the late 18th and early 19th centuries when new machinery, new sources of power, and new ways of manufacturing products were developed. |
| consumer | a person who buys goods and services |
| service | an organization, company, or system that provides something to the public |
| (consumer) goods | products that people buy for personal use or for use at home |
| economy | the process or system by which goods and services are produced, sold, and bought in a country or region |
| monopoly | complete control of the entire supply of goods or of a service in a certain area or market |
| just | agreeing with what is considered morally right or good |
| refine | to remove the unwanted substances in (something) |
| kerosene | a type of oil that is burned as a fuel — often used before another noun |
| petroleum | a kind of oil that comes from below the ground and that is the source of gasoline and other products |
| commerce | activities that relate to the buying and selling of goods and services |
| antitrust | protecting against unfair business practices that limit competition or control prices |
| enforce | to make sure that people do what is required by (a law, rule, etc.) |
| reasonable | fair and sensible |
Created by:
Jeffrey.lindsay
Popular U.S. History sets