Question

Make a list of at least twenty new words that you have learnt in Social Science. Also write down
their meanings.

Answer 1

1.Absolutism -the theory of practice of unlimited state power.

2.cabinet – a committee chose by a president or prime minister.it is grouped with executive members.

3.anarchy-a state of lack of control or crime

4.warrant-formal approval from the concern

5.zoning-partitioning an area into different platforms for different business purposes.

6.tax revenue-income of the government from the tax department

7.subsidy-government afford a pay for normal people for the business activity

8.stock holder-the one who hold the shares of stock share market

9.stock market-stock brokers exchange with security.

10.service charge-one percentage of the bill with our normal payment

11.rental income-payment from the rental properties.

12.recession-position that is not in control

13.public work-government work for the public

14.property tax-tax paid for the property to the municipality

15.production cost-cost of raw material and labour

16.personal income-the income of an individual

17.patent-a document granting a right to the inventor for their invention

18.monopoly-single seller and many buyers

19.libel-wrong publication

20.excise tax-tax according to the business done