Social Studies Vocabulary - Nevada
M
- M1:
- Coins, currency, and checking account deposits.
- M2:
- M1 plus short-term savings account deposits and other various short-term deposits.
- Manifest Destiny:
- The belief that the United States was destined to expand from the Atlantic seaboard to the Pacific Ocean; it has also
been used to advocate for or justify other territorial acquisitions.
- Map Elements:
- Title, compass rose, scale, key and symbols.
- Map Projection:
- A mathematical formula by which the lines of a global grid and the shapes of land and water bodies are transferred from
a globe to a flat surface, for example, Mercator, Robinson, conic, and polar.
- Marginal Benefit:
- The additional benefit obtained from choosing a little more or a little less.
- Marginal Cost:
- The additional cost incurred by choosing a little more or a little less.
- Market(s):
- A collection of buyers and sellers of a particular good or service.
- Market Economy:
- An economic system in which goods and services are allocated by free markets.
- Market Price:
- The amount actually paid or about to be paid in a particular transaction.
- Medium of Exchange:
- An item used to facilitate exchange.
- Mental Map:
- Maps made from memory.
- Mercantilism:
- Economic system of the major trading nations during the 16th - 18th centuries, based on the idea that national wealth and
power were best served by increasing exports and collecting precious metals in return.
- Migration:
- The act or process of people moving from one place to another.
- Mixed Economy:
- An economic system that includes command and market elements.
- Monarchy:
- Form of government in which one person has the hereditary right to rule as head of state; term is also applied to the state
ruled by the monarch.
- Monetary Trade:
- A trade in which money is used to pay for a good or service.
- Money:
- Anything widely accepted as a final payment for goods and services including currency, coins, or checks. Credit cards, while
accepted for payment, are not a final form of payment. Credit card purchases are short-term loans, not money.
- Money Supply:
- Currency, coins, and checking account deposits.
- Monopoly:
- A sole provider of a good or service.
- Multinational Corporation:
- A corporation that has its facilities and other assets in at least one country other than its home country.