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Chapters 7 and 9 Vocabulary World History
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Gravity
World history for mr. watson's freshman class
Terms in this set (8)
capital
sums of money or assets put to productive use
entrepreneur
one who organizes the means of production, manages and assumes the risks of starting a business
Capitalism
economic system that includes private ownership of the means of production and competition in a free market
Socialism
economic and political system advocating government ownership of the means of production
Communism
economic and political system advocating the elimination of private property
Laissez faire
a doctrine opposing government interference in the economy; "hands off"
Germ theory
19th century discovery that some diseases are caused by microorganisms
impressionism
an 1870 painting style depicting objects by means of dabs or strokes of primary colors
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