Chapter 1-, Lesson 2- Vocabulary

7. a set or category of things having some property or attribute in common and differentiated from others by kind, type, or quality
8. a thing or things belonging to someone; possessions collectively
9. a person with senior managerial responsibility in a business organization
11. the action of sharing something out among a number of recipients
15. the money received by an employee from an employer as a salary or wages
16. one of two or more available possibilities
17. a thing that motivates or encourages one to do something
19. a political or economic theory advocating class war and leading to a society in which all property is publicly owned and each person works and is paid according to their abilities and needs
20. economic activity concerned with the processing of raw materials and manufacture of goods in factories

1. a moral or legal entitlement to have or obtain something or to act in a certain way
2. a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole
3. the action of making or manufacturing from components or raw materials, or the process of being so manufactured
4. the material or monetary worth of something
5. strength or energy as an attribute of physical action or movement
6. a single human being as distinct from a group, class, or family
10. an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state
12. a gift or payment to a common fund or collection
13. an imagined place or state of things in which everything is perfect
14. the number or proportion of unemployed people
18. a person who expresses an unfavorable opinion of something