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| the belief tht European concerns, cultures, and values are superior to those of others |
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| the exhange of raw materials, goods, and services amount distant groups of people |
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| stories set in a specific time and place in history, sometimes using historical characters |
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| a Eurocentric economic policy whereby European monarchs increased their wealth through international trade |
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| occured in the past when a monarch granted one individual or a single company the sole right to gather and trade in a particular good; today, monoplies exist when a business has no competition in a market, such as when a product or service is controlled by our company |
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| an economic system based on free markets, private ownership of business and industry, and the profit motive |
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| an economy in which government does not interfere in business activities; supply and demand are not regulated, or are regulated with only minor restrictions |
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| the shift of a country's major economic activity from agriculture to manufacturing |
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| a person who sets up of finances a new business or industry to make a profit |
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| International Labour Organization |
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