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WorksheetsCore Knowledge 6 - Industrial Revolution Vocab.
Total questions: 10
Worksheet time: 5mins
an economic system in which major industries are owned or regulated by the government, rather than by private businesses.
capitalism
free market
union
bourgeoisie
socialism
an economic system based on competition between private businesses, where the government does not control prices.
capitalism
free market
union
bourgeoisie
socialism
an organization formed by workers to win and protect workers' rights.
capitalism
free market
union
bourgeoisie
socialism
an economic system in which resources and businesses are privately owned and prices are not controlled by the government.
capitalism
free market
union
bourgeoisie
socialism
the upper or wealthy middle class; the people who owned the means of production, or what Karl Marx called "the haves".
capitalism
free market
union
bourgeoisie
socialism
The amount of goods and services available to buy compared with the amount that people want to buy is called supply and (a) .
a system of representative government that uses elements of capitalism and socialism to govern the economy.
laissez-faire
investor
regulate
social democracy
a person who puts money into a business with the goal of later making a profit.
laissez-faire
investor
regulate
social democracy
a philosophy that calls for very little or no government involvement in the economy.
laissez-faire
investor
regulate
social democracy
to control or put limits on
laissez-faire
investor
regulate
social democracy
