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11 Cards in this Set
- Front
- Back
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Enclosures |
Large fields |
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Industrialization |
The process of developing machine production f goods |
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Entrepreneur |
A person who organizes, manages, and takes on the risks of a business |
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Urbanization |
city building and the movement of people to cities |
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Stock |
Certain rights of ownership |
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Corporation |
A business owned by stockholders who share in its profits but are not personally responsible for its debts |
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Capitalism |
An economic system in which the factors of production are privately owned and money is invested in business ventures to make a profit |
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Laissez Faire |
Economic policy of letting owners of industry and business set working conditions without interference |
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Communism |
A form of complete socialism in which the means of production would be owned by the people |
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Unions |
Voluntary labor associations |
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Strike |
Refuse to work |
