Vocabulary

1. a political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.
5. a refusal to work organized by a body of employees as a form of protest, typically in an attempt to gain a concession or concessions from their employer.
9. runs a small business and assumes all the risk and reward of a given business venture, idea, or good or service offered for sale.
11. first inexpensive industrial process for the mass-production of steel from molten pig iron prior to the open hearth furnace.
13. the exclusive possession or control of the supply or trade in a commodity or service.
14. the combination in one company of two or more stages of production normally operated by separate companies.
15. the act of leaving one's resident country with the intent to settle elsewhere.
16. a piece of land held by an owner.

2. absorb and integrate (people, ideas, or culture) into a wider society or culture.
3. confidence placed in a person by making that person the nominal owner of property to be held or used for the benefit of one or more others.
4. an economic system in which private business operates in competition and largely free of state control
6. A duty imposed on imports to raise their price, making them less attractive to consumers and thus protecting domestic industries from foreign competition.
7. an organized association of workers, often in a trade or profession, formed to protect and further their rights and interests.
8. the action of coming to live permanently in a foreign country.
10. is the process of a company increasing production of goods or services at the same part of the supply chain.
12. the theory that individuals, groups, and peoples are subject to the same Darwinian laws of natural selection as plants and animals.