Term
1. Agricultural Revolution
The Agricultural Revolution helped farmers crop plants better. |
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Definition
a significant change in agriculture that occurs when there are discoveries, inventions, or new technologies that change production
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Term
2. Bourgeoisie
Those who are in the middle class are considered Bourgeoisie. |
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Definition
the people in a society who are rich, educated, own land etc, according to Marxism
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Term
3.Capital
The Capital makes money. |
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Definition
money or property, especially when it is used to start a business or to produce more wealth
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Term
4. Capitalism
Free market is an example of Capitalism. |
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Definition
an economic and political system in which businesses belong mostly to private owners, not to the government
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Term
5. Communism
Communism owns markets and businesses. |
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Definition
a political system in which the government controls the production of all food and goods, and there is no privately owned property
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Term
6. Crop Rotation
Agriculture was improved by the idea of crop rotation. |
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Definition
the practice of changing the crops that you grow in a field each year to preserve the good qualities in the soil
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Term
7. Economy
A buisness is a form of economy. |
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Definition
the system by which a country's money and goods are produced and used, or a country considered in this way
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Term
8. Factors of Production
Factors of production include land, labor, and capital. |
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Definition
a collection of various resources which contribute to producing goods or services, which fall into three main groups - land, labor, and capital
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Term
9. Laissez Faire
Laissez Faire wants a free governmet without control. |
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Definition
the principle that the government should allow the economy or private businesses to develop without any state control or influence
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Term
10. Industrialize
A country will industrialize new jobs to improve it's economy. |
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Definition
when a country or place develops a lot of industry
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Term
11. Industrial Revolution
Many new inventions were made during the Industrial Revolution. |
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Definition
the period in the 18th and 19th centuries in Europe and the USA when machines were invented and the first factories were established
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Term
12. Proletariat
People who work and don't own anything are considered Proletariats. |
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Definition
the class of workers who own no property and work for wages, especially in factories, building things etc - used in socialist writings
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Term
13. Socialism
Socialism is when money is given equally to both the rich and the poor. |
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Definition
an economic and political system in which large industries are owned by the government, and taxes are used to take some wealth away from richer citizens and give it to poorer citizens
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Term
14. Subsistence
There are many people today who show subsistence. |
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Definition
the condition of only just having enough money or food to stay
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Term
15. Textile
Cotton is an example of a Textile. |
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Definition
any type of woven cloth that is made in large quantities, used especially by people in the business of making clothes etc
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