industrialization quiz

the process of developing machine production of goods.

• modernization

• industrialization

• mechanization

• progression

The economic policy of letting owners of industry and business set working conditions without interference is known as

• socialism

• communism

• capitalism

• laissez faire

Land, labor, and capital are__________ , or resources needed to produce goods and services.

• factors of production

• supply chain

• economic out-put

• surplus

person who organizes, manages, and takes on the risks of a business is an

• capitalist

• entrepreneur

• merchant

• socialist

The building of cities and the movement of people to cities is called

• brutalization

• progression

• modernization

• urbanization

The greatly increased output of machine-made goods that began in England in the middle 1700s is called the?

• Renaissance

• Enlightenment

• Industrial Revolution

• Modernization Era

The__________ is a social class made up of skilled workers, professionals, businesspeople, and wealthy farmers.

• Bourgeoise

• Lower Class

• Middle Class

• Elite

He wrote The Wealth of Nations and defended free markets

• Adam Smith

• Karl Marx

• Vladimir Lenin

• Robert Engels

An economic system in which the factors of production are owned by the public and operated for the welfare of all is

• Capitalism

• Communism

• Nationalism

• Socialism

The German journalist who wrote The Communist Manifesto with Engels was

• Carl Sagan

• Karl Marx

• Adam Smith

• Sigmund Freud