This document defines several key terms related to economics and society:
Wage refers to regular payment earned for work, often paid daily or weekly. Feudalism describes the dominant social system of medieval Europe where nobles held land in exchange for military service from vassals. Mercantilism is an economic theory that trade generates wealth through profitable balances that governments should encourage with protectionism.
This document defines several key terms related to economics and society:
Wage refers to regular payment earned for work, often paid daily or weekly. Feudalism describes the dominant social system of medieval Europe where nobles held land in exchange for military service from vassals. Mercantilism is an economic theory that trade generates wealth through profitable balances that governments should encourage with protectionism.
This document defines several key terms related to economics and society:
Wage refers to regular payment earned for work, often paid daily or weekly. Feudalism describes the dominant social system of medieval Europe where nobles held land in exchange for military service from vassals. Mercantilism is an economic theory that trade generates wealth through profitable balances that governments should encourage with protectionism.
or weekly basis. Unrestrained (adj.) – not restrained or restricted; uncontrolled. Incentive (n) – a thing that motivates or encourages someone to do something. Feudalism (n) - the dominant social system in medieval Europe, in which the nobility held lands from the Crown in exchange for military service, and vassals were in turn tenants of the nobles, while the peasants (villeins or serfs) were obliged to live on their lord's land and give him homage, labour, and a share of the produce, notionally in exchange for military protection. Mercantilism (n) - the economic theory that trade generates wealth and is stimulated by the accumulation of profitable balances, which a government should encourage by means of protectionism. Large-scale (adj.) – involving large numbers or a large area; extensive. Continuum (n) – a continuous sequence in which adjacent elements are not perceptibly different from each other, but the extremes are quite distinct. Fundamental (adj.) – forming a necessary base or core; of central importance. Unclaimed (adj.) – not demanded or requested as being something one has a right to. Voluntary (adj.) – done, given, or acting of one's own free will; working, done, or maintained without payment. Involuntary (adj.) – done without will or conscious control. Alienation (n) – the state or experience of being alienated; isolation Coordinate (v) - bring the different elements of (a complex activity or organization) into a harmonious or efficient relationship. Advent (n) – the arrival of a notable person or thing. Urbanism (n) – the way of life characteristic of cities and towns. Nobility (n) – the quality of being noble in character; decency; integrity. Subsistence (n) – the action or fact of maintaining or supporting oneself, especially at a minimal level. Homogenization (n) - the process of making things uniform or similar. Tycoon (n) – a wealthy, powerful person in business or industry. Dignity (n) – the state or quality of being worthy of honour or respect. Favoritism (n) – the practice of giving unfair preferential treatment to one person or group at the expense of another. Inevitable (adj.) – certain to happen; unavoidable. VOCABULARY BOOST ✅ COMPILED BY DILSHODBEK RAVSHANOV Unconcerned (adj.) – showing a lack of worry or interest, especially when this is surprising or callous. Recession (n) – a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters. Circumvent (v) – find a way around (an obstacle); overcome (a problem or difficulty), typically in a clever and surreptitious way. Supervision (n) – the action of supervising someone or something; administration; management. Misery (n) - a state or feeling of great physical or mental distress or discomfort; suffering. Communal (n) – shared by all members of a community; for common use.
VOCABULARY BOOST ✅ COMPILED BY DILSHODBEK RAVSHANOV