Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
10 Cards in this Set
- Front
- Back
|
Industrial Revolution
|
The Industrial Revolution was the transition to new manufacturing processes in the period from about 1760 to sometime between 1820 and 1840.
|
|
|
Crop Rotation |
Crop rotation is a systematic approach to deciding which crop to plant where in your vegetable garden from one year to the next.Crop rotation is very important to organic farmers who grow crops on a large scale and of varying importance to home gardeners
|
|
|
Factors of Production |
An economic term to describe the inputs that are used in the production of goods or services in the attempt to make an economic profit. The factors of production include land, labor, capital and entrepreneurship.
|
|
|
Entrepreneur |
person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk.
|
|
|
Urbanization |
Urbanization is a population shift from rural to urban areas, "the gradual increase in the proportion of people living in urban areas", and the ways in which each society adapts to the change. It predominantly results in the physical growth of urban areas, be it horizontal or vertical. |
|
|
Laissez Faire |
abstention by governments from interfering in the workings of the free market. |
|
|
Capitalism |
an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state. |
|
|
Communism |
a theory or system of social organization based on the holding of all property in common, actual ownership being ascribed to the community as a whole or to the state. |
|
|
Union |
an organization of workers; a labor union. |
|
|
Karl Marx |
In 1848, Marx and fellow German thinker Friedrich Engels published “The Communist Manifesto,” which introduced their concept of socialism as a natural result of the conflicts inherent in the capitalist system. In 1867, he published the first volume of “Capital” in which he laid out his vision of capitalism and its inevitable tendencies toward self-destruction, and took part in a growing international workers’ movement based on his revolutionary theories.
|
