Term
1. Agricultural Revolution
There have been several agriculture revolutions throughout history.
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Definition
| A significant change in agriculture that occurs when there are discoveries, inventions, or new technologies that change production.[image] |
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Term
2. Bourgeoisie
The bourgeoisie began to grow in Europe.
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Definition
| The people in a society who are rich, educated, own land etc, according to Marxism.[image] |
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Term
3. Capital
The business class gathered capital when the slave trade started.
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Definition
| Money or property, especially when it is used to start a business or to produce more wealth.[image] |
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Term
4. Capitalism
Under the system of capitalism, goods and services are created and distributed by private enterprises. |
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Definition
| An economic and political system in which businesses belong mostly to private owners, not to the government.[image] |
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Term
5. Communism
North Korea practices communism. |
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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.[image] |
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Term
Crop rotation
Crop rotation is used to control pests and diseases. |
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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.[image] |
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Term
7. Economy
The economy is affected by the establishment of a land tax. |
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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.[image] |
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Term
8. Factors of production
The factors of productions are divided into 4 sections. |
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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.[image] |
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Term
9. Laissez Faire
The phrase "laissez faire" translates to "let(it/them)do." |
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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.[image] |
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Term
10. Industrialize
The government hopes to industrialize some of the agricultural regions. |
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Definition
| When a country or place develops a lot of industry.[image] |
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Term
11. Industrial Revolution
The Industrial Revolution began in Great Britain. |
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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.[image] |
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Term
12. Natural resource
Examples of natural resources are air, water, wood, oil, wind energy, iron, and coal. |
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Definition
| Things that exist in nature and can be used by people, for example oil, trees etc.[image] |
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Term
Proletariat
The many people in a society who own regular jobs and make a living at or below the middle class level is an example of the proletariat.
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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.[image] |
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Term
14. Socialism
Under a system of socialism, the government manages the country's major businesses. |
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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.[image] |
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Term
Subsistence
The development of the means of the subsistence had been outstripped by the growth of population of the recent years.
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Definition
| The condition of only just having enough money or food to stay alive.[image] |
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Term
16. Textile
The textile machine was made to increase cotton production. |
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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.[image] |
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