Economics and the Industrial Revolution Notes Check

How did the industrial revolution change the economy in Europe?

• It fell to communism

• Mercantilism remained strong

• Production moved from the countryside to factories

• Less goods were produced leading to inflation

Why did the Industrial Revolution begin in Great Britain?

• Mercantilism

• Abundant natural resources

• The free market economy

• They were a bunch of bad dudes who knew how to boogie

What are the spinning jenny, locomotive, and steam boat are all

• Modes of transportation in the Industrial Revolution

• New technologies in the Industrial Revolution

• Nicknames of people in the Industrial Revolution

• Engines in the Industrial Revolution

What was the effect of the enclosure movement and the factory system?

• Urbanization

• Monitization

• Capitalization

• Aliens.

a person or company that makes, grows, or supplies goods to sell is called the?

• damand
• price
• producer
• shortage

The desire or willingness a consumer has to purchase a good or a service is called?

• shortage
• supply
• price
• demand