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| The rapid development of industry in Britain in the late 18th and 19th centuries, brought about by the introduction of machinery |
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| An artificial or natural barrier that seals off an area. |
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| Crop rotation is the practice of growing a series of dissimilar types of crops in the same area in sequential seasons for various.. |
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| the development of industry on an extensive scale. |
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| In economics, factors of production (or productive inputs or resources) are any commodities or services used to produce goods |
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| A person, group, or institution that produces a great quantity of something |
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| A person who organizes and operates a business or businesses, taking on financial risk to do so. |
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| the condition of being urbanized. |
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| The social group between the upper and working classes |
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| The goods or merchandise kept on the premises of a business or warehouse and available for sale or distribution. |
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| A company or group of people authorized to act as a single entity (legally a person) and recognized as such in law |
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| is an economic environment in which transactions between private parties are free from tariffs, government |
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| was a Scottish moral philosopher and a pioneer of political economy. One of the key figures of the Scottish Enlightenment, Adam Smith is best known for two classic works: |
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| An economic and political system in which a country's trade and industry are controlled by private owners for profit. |
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| The doctrine that actions are right if they are useful or for the benefit of a majority. |
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| theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital |
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| was a Prussian-German philosopher, economist, sociologist, historian, journalist, and revolutionary socialist |
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| a form of complete socialism in which the means of production |
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| workers joined together in voluntary labor associations |
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