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10 Cards in this Set
- Front
- Back
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industrial revolution
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a revolution where many inventions grew
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Interchangeable Parts
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all parts are made to an exact standard
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Cotton Gin
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machine that separates seed from cotton
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Patent
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license that as from the government to sell product
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Manufacturing
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use of machinery to make products
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Centralized
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single facility where all the tasks making products were carried out
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Free Enterprise Systems
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economic system in which private companies compete for profits
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Specialization
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a system in which each worker performs just one part of a entire production process
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Investment Capital
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money that a business spends in hopes of future again
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Bank Note
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a piece of paper that banks issued to there custom
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