Glossary - [Economy for Kids]

Glossary

Creative Common by SA License

Article published on 20 August 2018

by Matthieu Giroux

Word	Definition
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 price differences.
Watt	Power unit. Joules by Time.

Economy for Kids’ Book

Here is the free e-book Economy for Kids. It is also here to print it. Here or here are Sources.

Kids want to understand the society very early, when they see their parents talking about. The economy consists to understand the society’s movements, to improve this society. We give the opportunity to middle school’s children to understand real economy, which supports agriculture and industries.

The economy is physical. It depends on scientific discoveries. So everyone can or could get better in better quantities, with less effort. We are only transforming our creative world because it has created life. We rise up like creative beings, in order to improve our society.

It is possible that society’s growth, created thanks to our creativity, could go to the infinite if we abandon the greed of money, thanks to a scientific and philosophical reflection wanted by Plato.

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