STAAR U.S. History: Economics, Science, Technology, and Society

Vocabulary.com's STAAR U.S. History lists cover many of the essential terms and concepts that you'll be expected to know on test day. Boost your confidence and your test score by mastering these important words.
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Full list of words from this list:

words only definitions & notes
  1. agriculture
    the practice of cultivating the land or raising stock
  2. antitrust
    relating to laws that prevent unfair business practices
  3. capital
    assets available for use in the production of further assets
  4. capitalism
    an economic system based on private ownership of assets
  5. commerce
    transactions supplying goods and services
  6. commodity
    any good that can be bought and sold
  7. competition
    business relation in which two parties vie to gain customers
  8. consumer
    a person who uses goods or services
  9. deficit
    an excess of liabilities over assets
  10. deflation
    reduction of economic activity that results in lower prices
  11. demand
    the ability and desire to purchase goods and services
  12. deportation
    the expulsion of a non-citizen from a country
  13. depression
    a long-term economic state with unemployment and low prices
  14. economics
    science dealing with the circulation of goods and services
  15. embargo
    a government order imposing a trade barrier
  16. entrepreneur
    someone who organizes a business venture
  17. exploration
    travel for the purpose of discovery
  18. export
    sell or transfer abroad
  19. frontier
    a wilderness at the edge of a settled area of a country
  20. globalization
    growth to a worldwide scale
  21. import
    bring in from abroad
  22. inflation
    a general and progressive increase in prices
  23. innovation
    a creation resulting from study and experimentation
  24. laissez faire
    a doctrine that government should not interfere in commerce
  25. manufacture
    create or produce in a mechanical way
  26. monopoly
    a market in which there are many buyers but only one seller
  27. prosperity
    a state of growth with rising profits and full employment
  28. quota
    a prescribed number
  29. recession
    a situation in which the state of the economy declines
  30. repatriation
    the act of returning to one's country of origin
  31. speculation
    an investment that is risky but could yield great profits
  32. stock
    capital raised by a corporation through the issue of shares
  33. supply
    an amount of something available for use
  34. surplus
    a quantity much larger than is needed
  35. tariff
    a government tax on imports or exports
  36. technology
    the practical application of science to commerce or industry
  37. trade
    the commercial exchange of goods and services
  38. transcontinental
    spanning one of the large landmasses of the earth
  39. employment
    the state of having a job
  40. union
    an employee organization that bargains with an employer
Created on Tue May 11 10:37:26 EDT 2021 (updated Tue May 11 10:43:36 EDT 2021)

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