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Cycle 4 Social World Vocabulary

AB
capitalisman economic system in which production and distribution are proportionate to profits
corporationbusiness in which ownership is shared by stockholders
factorya building in which manufactured goods are made
industrialisma system in which production is dominant
inventiona new device, method, or process developed from study or experimentation
monopolycompany that completely controls the market of a certain industry
revolutiona sudden change in society
strikea stopping of work in order for an employer to grant employees benefits
arbitrationa settlement between two parties decided upon by a mediator
grievancea circumstance regarded as a cause for protest
picketa group of people outside a place of business striking
lockouta method used by business leaders to make workers accept their terms



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