Industrial Revolution

1. the factors of production are owned by the public and operate for the welfare of all.
6. The cow needs an___________
7. City building and the movement of people to cities
10. The________________ was important
11. workers joined together in voluntary labor associations called ________________
12. a social class made up of skilled workers, professionals, business- people, and wealthy farmers
13. certain rights of ownership
15. everything is owned by the people
16. The process of developing machine production of goods, required such resources.
17. a professor at the University of Glasgow in Scotland capitalism an economic system in which the factors of production are privately owned and money is invested in business ventures to make a profit

2. The process of __________ proved to be one of the best developments by scientific farmers
3. a business owned by stockholders who share in its profits but are not personally responsible for its debts
4. refers to the economic policy of letting owners of industry and business set working conditions without interference. This policy favors a free market unregulated by the government.
5. Someone who owns and runs their own business
7. Bentham introduced the philosophy of_________________
8. The resources needed to produce goods and services that the Industrial Revolution required
9. refusal to do something
14. a german philosopher who introduced the world to a radical type of socialism called Marxism