Unit 4 Vocabulary

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Across
  1. 1. industry - the first type of factories which were in homes, where they made textiles
  2. 6. - moving from the rural areas (country) to the cities for work
  3. 7. of Living - level of material comfort in terms of goods/services available to a person
  4. 8. - newly developed place of work in the revolution that employed lots of workers
  5. 9. - money to invest in new machines and factories
  6. 15. Faire - the idea that the free market, through supply and demand, will regulate itself, and that the government should not interfere in this process
  7. 17. Economy - an economic system in which individuals, rather than the state, own most of the resources. This includes land, labor, and capital.
  8. 18. - movement for women’s rights, advocated for equality for women
  9. 20. - business recognized as one big body of work
  10. 21. Economy - an economic system that is based on traditions, the past, and enduring ideals. Economic choices like production and distribution are influenced by tradition.
  11. 22. production - many goods to be made at once
  12. 23. - owning parts of a company
  13. 24. line - new manufacturing method created by Henry Ford in 1913 to make production faster and more efficient
Down
  1. 2. - the selling of goods and services from the home country to a foreign nation.
  2. 3. of production - land, labor and capital needed to start up new businesses
  3. 4. - time period when work changed from hand made goods to machine made goods
  4. 5. - an economic system, based on the premise of self-interest, in which all resources are privately owned and markets determine how those resources are distributed.
  5. 10. - working class, held back during the Industrial Revolution
  6. 11. - the purchase of foreign products and bringing them into one's home country.
  7. 12. - an economic system in which a nation’s land, natural resources, industries, and other means of production are owned collectively or are controlled by the state
  8. 13. right to vote
  9. 14. - an economic or political system in which the state or the community owns all property and the means of production, and all citizens share the wealth
  10. 16. Economy - an economic system in which production and distribution of goods and services are controlled by the government and industry is mostly publicly owned.
  11. 19. Economy - an economic system that combines elements of both a market economy and a command economy.
  12. 21. - cloth making