Common Market - (noun) an economic alliance of countries in the European Union that dropped trade barriers among its members , communist - (noun) a person who believes in communism, a social and economic philosophy marked by a classless society and the absence of private property, conservation - (noun) an effort to protect the enviornment, democratic - (adjective) having a government in which power is in the hands of the people and exercised by representatives, economy - (noun) a system of producing and distributing wealth, European Union (EU) - (noun) an economic and political association of countries in Europe, free enterprise - (noun) an economic system in which private businesses organize and operate for profit competitively, with a minimum of government interference, globalization - (noun) the way countries use technology, communication, and transportation to connect with each other, middle class - (noun) an economic and social class between rich and poor, natural resource - (noun) a valuable material that comes from the environment, such as coal, oil, or gold,

Globalization Vocabulary

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