FAC Industrialization #1

Front

an economic system in which factories, equipment, and other means of productions are privately owned rather than controlled by government

Back

capitalism

Front

a method of making stronger steel more cheaply and more quickly

Back

Bessemer Process

Front

factors of production

Back

land, labor and capital

Front

any financial asset - including money, machines and buildings - used in the production of goods

Back

capital

Front

a company recognized by law to exist independently from its owners, with the ability to own property, borrow money, sue or be sued

Back

corporation

Front

a company that completely dominates a particular industry

Back

monopoly

Front

a set of companies managed by a small group known as a board of directors, who can prevent companies in the group from competing with each other. The group is called a ......

Back

trust

Front

having to do with the cultivation of land; farming

Back

agrarian

Front

relating to or characteristic of a town or a city

Back

urban

Front

relating to or characteristic of the countryside

Back

rural