Chapter 9- Amari Primus

4. the greatly increased output of machine-made goods that began in England in the middle 1700s
7. a professor at the University of Glasgow, Scotland, defended the idea of a free economy, or free markets, in his 1776 book The Wealth of Nations
11. certain rights of ownership
12. a person who organizes, manages, and takes on the risks of a business.
14. the resources needed to produce goods and services that the Industrial Revolution required
17. German journalist
18. one of the best developments by the scientific farmers
19. an economic system in which the factors of
21. are privately owned and money is invested in business ventures to make a profit
22. Wealthy textile merchants set up the machines in large buildings

1. workers joined together in voluntary labor associations
2. refers to the economic policy of letting
3. people should judge ideas, institutions, and actions on the basis of their utility, or usefulness
5. a business owned by stockholders who share in its profits but are not personally responsible for its debts
6. a social class made up of skilled workers, professionals, business-people, and wealthy farmers
8. refuse to work.
9. the factors of production are owned by the public and operate for the welfare of all
10. of industry and business set working conditions without interference
13. larger fields
15. a form of complete socialism in which the means of production
16. the process of developing machine production of goods, required such resources
20. city building and the movement of people to cities