Ella Persio-Chapter 9

3. the economic policy of letting owners of industry and business set working conditions without interference
6. voluntary labor associations
7. when the crops planted change each year
8. economic system in which the factors of production are privately owned and money is invested into business ventures to make a profit
10. to judge things on their utility
13. large buildings filled with machines
14. defended free markets
15. large fields
17. German journalist who introduced a radical socialism called Marxism
18. the increased output of machine made goods
19. to refuse to work
20. a business owned by stockholders who share in it's profits but are not personally responsible for it's debts

1. process of developing machine production of goods
2. city building and the movement of people to cities
4. factors of production are owned by the public
5. a person who organizes, manages, and takes of the risks of a business
9. a social class made up of skilled workers, professionals, business people, and wealthy farmers
11. land, labor, and capital
12. rights of ownership
16. all means of production owned by the people