Revolution that began in Great Britain in the 1760’s included an explosion of technology especially technology geared toward the production of goods by inventing and using machines

way to increase food production by moving which fields crops are grown in allowing the soil to recover nutrients

large number of people moving to cities

above the working class, below the upper class, made up of factory owners and owners of production

person who finds new business opportunities and new ways to make profits

business organization that has a spate legal entity with the rights and responsibilities of an individual

economic system based on industrial production or manufacturing

place where labor and machines come together to manufacture goods

system in which society, usually in the form of the government, owns and controls the means of production

a political theory derived from Karl Marx, advocating class war and leading to a society in which all property is publicly owned and each person works and is paid according to their abilities and needs

author of the Communist Manifesto, predicted the struggle between classes would lead to a revolution, credited with the creation of communist theory

Scottish philosopher and founder of modern economics, helped identify economic laws that governed society, wrote The Wealth of Nations

concept that the state should not impose government regulations, but should leave the economy alone