Term
Agricultural Revolution
A lot of inventions were made in the Agricultural Revolution. |
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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
Bourgeoisie
The middle class is the 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
Capital
The government owns a lot of Capital. |
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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
Capitalism
There is a lot of capitalism in America. |
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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
Communism
Communism isn't in America. |
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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
Crop rotation
Crop rotation is commonly used by farmers. |
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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
Economy
The U.S. has a very sturdy 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
Factors of production
Labor is one of the Factors of production. |
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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
Laissez Faire
Laissez Faire is a princible directed towards businesses. |
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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
Industrialize
Many countries Industrialize. |
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Definition
| when a country or place develops a lot of industry |
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Term
Industrial Revolution
The Industrial Revolution changed the world. |
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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
Natural resource
Water is a Natural resource. |
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Definition
| things that exist in nature and can be used by people, for example oil, trees etc |
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Term
Proletariat
Proletariat usually work in factories. |
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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
Socialism
Socialism has to deal with the economic and political systems. |
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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
Subsistence
Subsistence is never good. |
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Definition
| the condition of only just having enough money or food to stay alive |
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Term
Textile
Textile is used by clothing busnisses. |
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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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