| A | B |
| peninsular | a person born in Spain |
| criollo | a person born in Mexico / Latin America whose parents were born in Spain |
| mestizo | a person of European and Native American ancestry |
| encomienda | a system that Spain established in Mexico, under which Spanish settlers were allotted a Native American village and its inhabitants to oversee and use for profit |
| hacienda | in Spanish-speaking countries, a big farm or ranch |
| ejido | in Mexico, a community farm owned by the people of a village together |
| privatization | the process of replacing community ownership with individual, or private, ownership |
| distribution | the process of moving products to their markets |
| maquiladora | in Mexico, a factory that imports duty-free parts from the U.S. to make products that it the exports back across the border |
| nationalize | to establish government control of a service or industry |
| tourism | the business of helping people travel on vacations |
| rural | of the countryside |
| urban | of the city |
| fiesta | a holiday celebrated by the village or town, with events such as parades, games, and feasts |