Industrial Revolution

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The four factors of production that were vital to the Industrial Revolution and the start of any business include each of the following EXCEPT land, labor, capital, entrepreneurs, investors

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investors

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Laissez-faire

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leave alone

Front

The ability to have necessities of life, such as food, clothing, and shelter and wants like vacations, concerts, and other amusements is referred to as

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standard of living

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The process of an area growing larger, with an increase in population, production of goods and services, and availability of a variety of options to fulfill one's wants and needs is called

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urbanization

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During the Industrial Revolution, a new social and economic class that developed was the

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middle class

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In the early days of the Industrial Revolution, which item was manufactured in great numbers at newly built factories? Options: textiles, industrial machines, cars, household goods like cookware

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textiles

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Capital (Industrial Revolution)

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money, equipment, and/or resources that were used in the production of goods

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Which of the following best describes industrialization?

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Advancement in technology to produce goods on a larger scale and a reliance on manufacturing of goods instead of individuals producing goods themselves.

Front

Why was England the site of the beginnings of the Industrial Revolution?

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England had an abundance of natural resources such as coal, iron ore, and waterways where water wheels and steam engines could be built.