History Project Chapter 9 Vocabulary

2. big building where machinery is used to make manufactured goods
4. movement, fenced-in fields created by wealthy British landowners on land formerly worked by village farmers
6. economic system that is based on private ownership, and on the investment of money in business ventures, for a profit
7. refusal to work in order to force employer to meet certain demands
10. person who organizes, manages, takes risks of a business
11. faire, idea that government should not get involved with religious industries and businesses
12. development of industries or production of machine made goods
13. economic system where the factors of production are owned by the public, and operate for welfare of all
16. business that is owned by stockholders, who share this profit but are not responsible personally for its debts

1. economic system where all means of production, are owned by the people, all goods are shared equally
3. theory that government actions are useful only if they promote greatest goods for great number of people
5. association of workers formed to bargain better working conditions, and higher pay
8. Revolution, during 18th century in England, goods were starting to be made by machines
9. growth of cities and migration of people into those cities
14. of production, resources: including land, labor, and capital, which is needed to produce goods and services
15. rotation, system of growing a different crop in a field each year