Industrial Revolution

money, property or man-made resources used during production

• capital

• trade union

• capitalism

• socialism

Organization with the goal of improving working conditions

• capital

• trade union

• capitalism

• socialism

An economic system in which production and the means of production are owned and controlled by private individuals

• Trade union

• capitalism

• socialism

• assesbly line

Political and economic theory where the means of productions owned by society, not by private individuals.

• socialism

• assembly line

• capital

• entrepreneurs

A factory system in which a product is created by a series of workers adding a separate piece of the product until the product is completed

• interchangeable parts

• means od prouction

• entrepreneurs

• assembly line

Risk-taker who combines natural and capital resources to create a product; business owner

• capitalism

• means of production

• entrepreneurs

• interchangeable parts

institutions that produce and distribute goods, such as railroads, farms and factories.

• urbanization

• entrepreneurs

• natural resources

• means of production

parts that can be used in place of one another in the production of goods

• interchangeable parts

• natural resources

• urbanization

• communism

Materials in nature which are used to produce a good or make money

• means of production

• strike

• communism

• natural resources

The growth of cities

• natural resources

• urbanization

• communism

• strike