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Capital

Back

Wealth in the form of money or assets owned by a person or organization

Front

Trade Union

Back

Organized association of workers in a trade or profession formed to protect their rights and interests

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Capitalism

Back

An economic system in which land, factories, and other resources are owned by individuals instead of the government.

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Socialism

Back

A theory of government in which the whole community, rather than individuals, owns all of its property and resources

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Assembly Line

Back

A way of putting together a product in a factory by moving it along a line of workers

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Means of Production

Back

The tools, resources, and infrastructure necessary to produce goods and services in an economy

Front

Urbanization

Back

The process by which the population in cities and towns grows as people leave rural areas for urban areas

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Interchangeable Parts

Back

Identical components that can be substituted for one another

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Strike

Back

A refusal to work organized by a body of employees as a form of protest

Front

Tenement

Back

An apartment building, especially one located in the poorer section of a city