Term
|
Definition
| The development of industries for the machine production of goods. |
|
|
Term
|
Definition
| The shift, beginning in England during the 18th century, from making goods by hand to making them by machine. |
|
|
Term
|
Definition
| The resources—including land, labor, and capital—that are needed to produce goods and services |
|
|
Term
|
Definition
| A person who organizes, manages, and takes on the risks of a business |
|
|
Term
|
Definition
| The growth of cities and the migration of people into them. |
|
|
Term
|
Definition
| A social class made up of skilled workers, professionals, businesspeople, and wealthy farmers. |
|
|
Term
|
Definition
| An economic system based on private ownership and on the investment of money in business ventures in order to make a profit. |
|
|
Term
|
Definition
| An economic system in which the factors of production are owned by the public and operate for the welfare of all. |
|
|
Term
|
Definition
| An economic system in which all means of production—land, mines, factories, railroads, and businesses—are owned by the people, private property does not exist, and all goods and services are shared equally. |
|
|
Term
|
Definition
| To refuse to work in order to force an employer to meet certain demands. |
|
|
Term
|
Definition
| An association of workers, formed to bargain for better working conditions and higher wages. |
|
|
Term
|
Definition
| a period of agricultural development between the 18th century and the end of the 19th century, which saw a massive and rapid increase in agricultural productivity and vast improvements in farm technology |
|
|
Term
|
Definition
| Author of the Communist Manifesto, a radical type of socialism. |
|
|
Term
|
Definition
| Characteristic of the countryside rather than the town. |
|
|
Term
|
Definition
| Characteristic of a city or town. |
|
|
Term
|
Definition
| The branch of knowledge concerned with the production, consumption, and transfer of wealth. |
|
|
Term
|
Definition
| Materials or substances such as minerals, forests, water, and fertile land that occur in nature and can be used for economic gain |
|
|
