Instructions: Identify the Following Terms

question 10

Short Answer

Instructions: Identify the following terms.
"Hard work for a few years, happiness for a thousand"

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Definitions:

Neoliberalism

An economic and political ideology that emphasizes free-market capitalism, deregulation, and a reduction in government spending on social services.

Industrialization

The process by which an economy is transformed from primarily agricultural to one based on the manufacturing of goods, involving an increase in production, technological innovation, and infrastructure.

Tariffs

Taxes imposed by a government on imported or exported goods.

Foreign Products

Goods or services that are produced in one country and sold to consumers in other countries.