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11 Cards in this Set
- Front
- Back
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industrial revolution
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greatest increased output of machine made goods that begin in england in the middle 1800's
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enclosure
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one of the fenced in or hedged in fields created by wealthy british land owners on land that was formally worked by village farmers.
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crop rotation
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the system of growing a different crop in a field each year to preserve the fertility of the land
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industrialization
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the development of industries of machines production of goods
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factors of production
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the resources including land, labor, and capitol- that are needed to produce goods
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factory
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a large building in which machinery is used to manufacture goods
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entrepreneur
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a person who organizes and mange and takes on risks of business
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urbanization
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the growth of cites and the migration of into them
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middle class
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social class made up of skilled workers,professional, business people, and wealthy farmers.
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stock
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certain rights of ownership
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corporation
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a business owned b stockholders who share in its profits but not personally responsible for its debts
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