Chapter 10 vocab

people with all their abilities and efforts performed by people that provides the goods or services in an economy

• labor

• capital

• entrepreneurs

money available for investment

• labor

• capital

• Entrepreneurs

a person who finds new business opportunities and new ways to make profits

• Entrepreneurs

• capitol

• labor

a method of production in which tasks are done by individuals in their rural homes

• derived

• puddling

• cottage industry

the process in which coke derived from coal is used to burn away impurities in crude iron to produce high quality iron

• derived

• puddling

• cottage industry

obtained from, came from

• derived

• puddling

• industrial capitalism

an economic system based on industrial production or manufacturing

• industrial capitalism

• socialism

• cottage industry

a system in which society, usually in the form of the government, owns and controls the means of production

• socialism

• radical

• temporary

with extreme ideas that are not accepted by most of society

• universal male suffrage

• radical

• temporary

lasting for a limited time; not permanent

• multi national empire

• temporary

• radical