USI Unit 1 State of the Union in 1800 Flashcards
To understand the material and do well on my test (7 cards)
1
Q
The introduction of something new
A
Innovation
2
Q
Belief in the benefits of profitable trading; commercialism
A
Mercantilism
3
Q
The total amount of income generated by the sale of goods and services related to the primary operations of the buisness
A
Revenue
4
Q
International diplomacy based on the use or threatened use of military or economic power
A
Power politics
5
Q
Competition between groups (political parties, strength in numbers) for control over government decisions (help your self interests).
A
Politics
6
Q
The value that a player adds to the cost price of a product
A
Mark up theory
7
Q
A person who buys goods from producers and sells them to retailers or consumers
A
Middleman
