| A | B |
|---|
| matket economy | allow people to own, operate, profit from own businesses |
| post industrial | emphasis on service & high-tech business |
| central business district | high concentration of office buildings & retail shops |
| retooling | convert old building for new industries |
| commody | goods for sale |
| arable | land suited for farming |
| monopoly | total control of an industry |
| global economy | trade around the world |
| trade deficit | spends more on imports than earn from exports |
| tariff | taxes on imports |
| trade surplus | earns more on exports than spends on imports |
| outsourcing | moving factories abroad |
| clear-cutting | taking out entire forest |
| overfishing | catching more fish than can be reproduced |
| acid rain | precipitation containing large amounts of acidic materials (contaminants) |
| smog | visible haze formed by sun and chemicals |
| eutrophication | process of becoming rich in nutrients, encouraging plants & algae to grow depleteing oxygen |
