Economy for Kids by Matthieu Giroux - HTML preview

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Glossaire

 

Word

Definition

30 glorious years

Years of prosperity in France, after having created public money by De Gaulle.

Food industry 

Food production with agriculture.

Agrofuel

Fuel from agriculture.

Alloy

 

Combination of different materials, to enhance the strength or other properties

Axiom

Truth about nature.

Atom

An atom is what makes it possible to compose chemical bodies. It was thought that the atom could not be cut. We realized after that the atom was composed of a nucleus with protons, with around clouds of electrons. 

Commerce

Decrease in price differences by commercial competition and major works.

Accounting

 

Account management of a company.

Confucius

Ancient Chinese philosopher. 

Demography 

Quantitative studies on the population.

Ellipse

Elongated circle.

Empire

Power on a number of countries, including the master country. 

Energy 

Ability to produce a job. Energy is measured in joules.

Slavery

Use of unpaid workers. Slavery is due to the traffic.

Experience

Test in real condition, to verify hypotheses.

Nuclear fission

Consists to break atoms to get energy. 

Working capital

Monetary surplus to finance sustainable jobs.

Nuclear fusion

Creating an atom from two to get a lot of energy. 

Great Works 

Infrastructure works planned over a large number of years.

Hypothesis 

Unverified proposal or explanation.

Industry 

Factory producing series products in an automated way.

Infrastructure

Routes of communication of goods or persons within a country.

Isotopes 

Atoms having the same core, but not the same outer surface.

Machine tool

Machine to perform a production task in an automated way.

Job

Activity to perform a job through techniques or science.

Quality of life

Ease or difficulty to live.

Paradigm

Representation of the world or the universe.

Paradox

Proposal going against common sense.

Philosophy 

Make assumptions about its limits in order to verify them.

Physics 

Science that tries to understand or explain the phenomena of the universe.

Quantum physics

Physics of the infinitely small.

Relativity Science 

Physics of the infinitely big.

Science

Set of specialities and axioms to understand and improve nature. 

Sophism

Argument with a fallacious logic. 

System

Set determined with an internal activity.

Exchange rate

Difference rate between two currencies. The exchange rate creates inequalities between currencies.

Technology 

Study of tools and techniques.

Theory 

Set of explanations and concepts to understand a system.

Traffic

Increased prices differences.

Watt

Power unit. Joules by Time.