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13 terms

WSH: Economy and Government

STUDY
PLAY
Economics
The way people get the most from their resources of land, labor, and man-made materials
Capitol
The money and materials that are used to produce goods
Market
The opportunity to sell
Government Support
Land grants or tax breaks
Organizers
Leaders in the industry as well as leaders in the economy
Natural Resources
Resources that are extracted from nature
Labor
The people who perform the work
Transportation
Getting the goods to market
Industrial Growth
For example, the growth of the cassette or CD industry
Initiative
Procedure whereby a certain number of voters may, by petition, propose a law or constitutional amendment and have it submitted to the voters
Veto
An official rejection of a proposed bill by the governor that may be overruled by a 2/3 majority vote in both houses
Referendum
The name given to the political process in which the general public votes on an issue of public concern.
Recall
The act of removing an official by petition