Law, Industrial Revolution & Economics Practice Flashcards

Vocabulary flashcards covering legal systems, historical facts about the Industrial Revolution, and fundamental economic terms based on the mock exam transcript.

Statute law

Laws made by Parliament.

Solicitor

A legal professional who gives legal advice and prepares cases.

Presumption of innocence

The legal principle that a person is innocent until proven guilty.

England

The country where the Industrial Revolution first started.

Colony

Land ruled by another country.

Steam engines

Engines mainly used for transport and factories.

Tariff

A tax on imports.

Capital resource

Resources consisting of money and machines.

China

Australia’s largest trading partner.

Export

Selling goods overseas.

Legislation or Statutes

Other terms used to refer to laws.

Precedent

A past decision used by courts in decision-making.

Common law

Laws made by judges.

Negligence

The failure to take care.

Import

Buying goods from overseas.