Aiden Wandel Ch, 9

4. An economic system based on private ownership of capital.
6. Land, labor, and capital; the three groups of resources that are used to make all goods and services.
9. 1818-1883. 19th century philosopher, political economist, sociologist, humanist, political theorist, and revolutionary. Often recognized as the father of communism.
12. the greatly increased output of machine-made goods during the 1700s starting in England
15. A business owned by stockholders who share in profit but are not personally responsible for debt.
18. The development of industries for the machine production of goods.
19. a way for workers to be more active in politics by joining an association of workers

1. idea that the goal of society should be to bring about the greatest happiness for the greatest number of people.
2. idea that the goal of society should be to bring about the greatest happiness for the greatest number of people.
3. A system in which society, usually in the form of the government, owns and controls the means of production.
5. A share of ownership in a corporation.
7. A person who organizes, manages, and takes on the risks of a business.
8. A movement in England during the 1600s and 1700s in which the government took public lands and sold them off to private landowners--contributing to a population shift toward the cities and a rise in agricultural productivity.
10. Scottish economist who wrote the Wealth of Nations a precursor to modern Capitalism.
11. the system of growing a different crop in a field each year to preserve the fertility of the land.
13. Idea that government should play as small a role as possible in economic affairs.
14. A large building in which machinery is used to manufacture goods.
16. Nonviolent refusal to continue to work until a problem is resolved.
17. A social class made up of skilled workers, professionals, business people, and wealthy farmers.