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19 terms

1000 LS Quest 2 Chapter 2 Vocabulary 4 Global Business

1000 LS Quest 2 Chapter 2 Vocabulary 4 Global Business
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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