Term
Agricultural Revolution
The Agricultural Revolution was a period of technological improvement and increased crop productivity that occurred during the 18th and early 19th centuries in Europe. |
|
Definition
a significant change in agriculture that occurs when there are discoveries, inventions, or new technologies that change production
[image] |
|
|
Term
Bourgeoisie
In Marxist philosophy the bourgeoisie is the social class that came to own the means of production during modern industrialization and whose societal concerns are the value of property and the preservation of capital, to ensure the perpetuation of their economic supremacy in society. |
|
Definition
the people in a society who are rich, educated, own land etc, according to Marxism
[image] |
|
|
Term
Capital
In economics, capital goods, real capital, or capital assets are already-produced, durable goods or any non-financial asset that is used in production of goods or services. |
|
Definition
money or property, especially when it is used to start a business or to produce more wealth
[image] |
|
|
Term
Capitalism
Capitalism is a social system based on the principle of individual rights. Politically, it is the system of laissez-faire (freedom). |
|
Definition
an economic and political system in which businesses belong mostly to private owners, not to the government
[image] |
|
|
Term
Communism
In political and social sciences, communism is the philosophical, social, political, and economic ideology and movement |
|
Definition
a political system in which the government controls the production of all food and goods, and there is no privately owned property
[image] |
|
|
Term
Crop rotation
Crop rotation is also used to control pests and diseases that can become established in the soil over time. |
|
Definition
the practice of changing the crops that you grow in a field each year to preserve the good qualities in the soil
[image] |
|
|
Term
Economy
An economy is an area of the production, distribution, or trade, and consumption of goods and services by different agents in a given geographical location. |
|
Definition
the system by which a country's money and goods are produced and used, or a country considered in this way
[image] |
|
|
Term
Factors of production
Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship. |
|
Definition
a collection of various resources which contribute to producing goods or services, which fall into three main groups - land, labor, and capital.
[image] |
|
|
Term
Laissez Faire
Laissez-faire live and let live" is an economic system in which transactions between private parties are free from government intervention such as regulation |
|
Definition
the principle that the government should allow the economy or private businesses to develop without any state control or influence
[image] |
|
|
Term
Industrialize
industrialize is to build and operate factories and businesses in a city, region, |
|
Definition
when a country or place develops a lot of industry
[image] |
|
|
Term
Industrial Revolution
The Industrial Revolution was the transition to new manufacturing processes in the period from about 1760 to sometime between 1820 and 1840. |
|
Definition
the period in the 18th and 19th centuries in Europe and the USA when machines were invented and the first factories were established
[image] |
|
|
Term
Natural resource
Natural resource management is a discipline in the management of natural resources such as land, water, soil, plants and animals, with a particular focus on how management affects the quality of life for both present and future generation. |
|
Definition
things that exist in nature and can be used by people, for example oil, trees etc.
[image] |
|
|
Term
Proletariat
The proletariat is a term for the class of wage-earners, in a capitalist society, whose only possession of significant material value is their labor-power a member of such a class is a proletarian. |
|
Definition
the class of workers who own no property and work for wages, especially in factories, building things etc - used in socialist writings
[image] |
|
|
Term
Socialism
Socialism is a range of economic and social systems characterised by social ownership and democratic control of the means of production |
|
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.
[image] |
|
|
Term
Subsistence
Subsistence is a sandbox, first person, open-world survival game . |
|
Definition
the condition of only just having enough money or food to stay alive.
[image] |
|
|
Term
Textile
A textile or cloth is a flexible material consisting of a network of natural or artificial fibres (yarn or thread). |
|
Definition
any type of woven cloth that is made in large quantities, used especially by people in the business of making clothes etc.
[image] |
|
|