An organization with the goal of improving working conditions

Money, property or man-made resources used during production

Materials in nature which are used to produce a good

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

Goods are mass produced in factories by machines

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

The growth of cities

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

Goods are made by hand in homes

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

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