1000 LS Quest 2 Chapter 2 Vocabulary 4 Global Business

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1000 LS Quest 2 Chapter 2 Vocabulary 4 Global Business

Mobility

the ability or tendency to move from one position or situation to another usually better one

Labor

physical or mental effort : work [

Non-profit (organization)

not existing or done for the purpose of making lots of money

Nurture

to help (something or someone) to grow, develop, or succeed

Peer

a person who belongs to the same age group or social group as someone else

Poverty

the state of being poor

The private sector

the part of an economy which is not controlled or owned by the government

Protestant

a member of one of the Christian churches that separated from the Roman Catholic Church in the 16th century

Reach a consensus

all the people in a group agreeing on an idea or opinion

Redistribute

to divide (something) among a group in a different way

Residential school

a type of school requiring students to live at school while taking classes

Self-sustainability

able to last or continue for a long time on one's own

Socialism

a way of organizing a society in which major industries are owned and controlled by the government rather than by individual people and companies

Stance

a publicly stated opinion

Subsidy

money that is paid usually by a government to keep the price of a product or service low or to help a business or organization to continue to function

wage

an amount of money that a worker is paid based on the number of hours, days, etc., that are worked

Government Policy

an officially accepted set of rules or ideas about what should be done by the government

Welfare

a government program for poor or unemployed people that helps pay for their food, housing, medical costs, etc

Work ethic

a belief that having a job and working hard is very important

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