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abolish
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to end something
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acceleration
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speed up; move faster
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achieve
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to acquire; attain; accomplish
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advantage
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exploit; cheat
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benefited
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gained; profited; helped by
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capitalistic
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an economic system based on private ownership, competition, and a free market
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currency
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money used to pay for goods and services in a country
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driving force
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main factor; influencing source
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engage
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to be involved; participate; enter into
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flow of goods
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trade of products
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gross national product
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(GNP) total value in goods and services in a country's economy, usually for one year
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hamper
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to hinder; to make something harder to do
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ignites
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start; spark
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infringements
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breaking of laws and rules
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integrated
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part of; involved in
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intensification
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get stronger; increase
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investment
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money spent on something in the hope of making more money
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oversimplified
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to explain something too simply so that its true meaning is lost or changed, sometimes in order to mislead
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patents
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the exclusive right given by a government to make, use, and sell an invention for a limited number of years
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privatize
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to sell a business or service owned by the government to private owners
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protectionist
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one who supports the policy of imposing duties or quotas on imports in order to protect home industries from overseas competition
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skeptics
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people who doubt or don't believe
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speak up
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vocalize; make heard
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spoke out
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vocalize; make heard
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subsidies
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money paid to a person, group, or business to support it or them
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tariffs
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taxes on imported goods
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