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terms from the social studies texes exam comp 18-19

Sole Proprietorship

Type of business entity which legally has no separate existence from its owner. The owner assumes all debts, and business is done in his or her own name and there is only one owner.


Business entity in which partners (owners) share with ech other the profits ans losses of the business undertaking in which all have invested.


A legal personality used to conduct business defined as being legally independent from the people who have created it.


1473-1543. Polish astronomer who was the first to formulate a scientifically based heliocentric cosmology that displaced the earth from the center of the universe. This theory is considered the epiphany that began the Scientific Revolution.


1564-1642. Italian physicist, mathmetician, astronomer, and philosopher. "Father of modern observational astronomy, modern physics, science, and modern science".

Sir Isaac Newton

1643-1727. English physicist, mathmetician, astronomer, natural philosopher, alchemist, and theologian. Published work in 1687 describing universal gravitation, and the three laws of motion, laying the groundwork for classical mechanics.

Marie Curie

1867-1934. Polish physicist and chemist. Pioneer in the field of radioactivity, and is the first and only person awarded the Nobel Prize in two different sciences.

Thomas Edison

1847-1931. American inventor and businessman. Prolific U.S. patent-holder with 1,093 to his name including the phonograph and the long-lasting light bulb.

Albert Einstein

1879-1955. German born theoretical physicist. Best known for his theory of relativity and his theory of energy equivalence. Received Nobel Prize in 1921 for physics.

Robert Fulton

1765-1815. U.S. engineer and inventor who is widely credited with the invention of the first commercially successful steam-powered steamboat.

Cotton gin

Modern cotton gin was created by American inventor Eli Whitney in 1792. It mechanized the prodution of cotton seeds.

Bessemer Steel Process

Discoverred in 1851 by Henry Bessemer, is the process for the mass prosuction of steel from pig-iron.

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