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10 Cards in this Set
- Front
- Back
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Capitalism
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An economic system in which people put money, or capital, into a business in order to make a profit.
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Intrest
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The percentage added to the original amount.
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Mercantilism
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An economic policy that stated that the nation's wealth was measured by its supply of gold and silver.
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Northwest passage
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A water route through or around North America.
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Charter
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An official document that gives certain rights to an individual or group.
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Representative goverment
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A political system in which voters elect others to make laws.
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Religious freedom
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The rights of all individuals to follow their own religious beliefs.
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Subsistence farming
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A type of agriculture in which people live on what they grow themselves, rather than selling what they produce.
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Cash Crops
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Crops that are grown to be sold.
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Debtor
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An individual who owes something to another.
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