Industrialization II

Front

Govt. should have minimal economic involvement

Back

Laissez-faire

Front

Worker with years of specific training or education

Back

Skilled Worker

Front

Worker performing a job without advanced training

Back

Unskilled Worker

Front

Tax on imports/exports

Back

Tariff

Front

A sequence of machines and workers in a factory that produces a product by passing work from one station to the next.

Back

Assembly Line

Front

Trade

Back

Commerce

Front

Business owned by shareholders with profit rights

Back

Corporation

Front

Large-scale manufacturing introduction

Back

Industrialization

Front

Basic equipment and structures a country needs, like roads.

Back

Infrastructure

Front

Owning many businesses in a field

Back

Horizontal Integration