Industrialism Vocab Flashcard

Front

Communism is an economic system where:

Back

The Government owns all property and makes all economic decisions.

Front

Capitalism is defined as:

Back

Private individuals own property and compete for profits in an open market.

Front

Socialism is an economic system defined as:

Back

The workers and community own farms and factories rather than private companies and individuals.

Front

Economic system relying on machinery and technology over human/animal power

Back

Industrialism

Front

A nation's control over smaller/weaker nations.

Back

Imperialism

Front

Group sharing similar economic status: upper, middle, lower class.

Back

Social Class

Front

Labor Union:

Back

An association of workers uniting to improve rights and working conditions.

Front

Urbanization is:

Back

Movement of people from rural areas to cities.

Front

System of rules and those who administer them in a community, state, or country:

Back

Government

Front

Organized system for producing, selling, and buying goods and services.

Back

Economy