| A | B |
|---|
| capitalism | a system in which people are allowed to own property and start businesses in the hopes of making money |
| capital | money or property, especially when used to make more money |
| reformer | a person who wants to change conditions he or she thinks are harmful |
| profit | when consumers buy goods or services, the capitalist makes a profit from his or her investment |
| bourgeoisie | both wealthy upper and middle classes; they were the haves that controlled everything |
| layoff | a time when large numbers of workers are fired, often with no warning |
| inflation | what happens when prices go up and money is worth less |
| utopia | an imagined perfect place that does not exist in this world |
| socialism | a system of government in which the state controls the economy and runs businesses for the benefit of citizens; everyone is equal |
| union | working associations that organized the workers to into groups to voice their opinions about working conditions and their pay |
| free market | when both the seller and the buyer of an item or a service agree on a fair price without anyone else’s influence or control |
| welfare | aid given by the government agencies to those in need |
| strike | to stop working until certain demands are met |
| proletariat | a worker; the people without property, the lowest class; the poor |
| depression | dea period of poor business and high unemployment |
| communisim | a classless society where everyone is equal; the most perfect form of socialism |
