Bolshevik - a member of the extremist wing of the Russian Social Democratic party that seized power in Russia by the Revolution of November 1917
capital - stuff used to make other stuff; money pooled for investment
capitalism - an economic system where factories and resources are owned and controlled by private entities as opposed to the government or community, by investments that are run by private interests, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market
collectivization - Stalin's process of moving the individual farmers off their land and onto larger modern farms
communism - a theory of government in which wealth and property are owned in common and production and labor are shared equally among the people. In reality, the means of production and distribution are owned by the state.
entrepreneur - a business risk-taker, someone who uses money and resources to make more money
exploitation - to take advantage of, to use for one's own gain rather than in the interest of the person or thing being used
industrialization - to move to a form of economy characterized by large-scale production of goods in factories
monopoly - when one company controls a particular market
obsolete - no longer useful, out of date
oligopoly - when a few companies conspire to control a particular market
oppression - unjust or cruel exercise of authority or power, something that presses down on someone, especially an unjust or excessive exercise of power
proletariat - the working class
socialism - An economic system in which the basic means of production are primarily owned and controlled collectively, usually by government under some system of central planning.