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Section 1 Vocab. 10

Section 1 Vocab.

TermDefinition
cotton gin a machine that removed seeds from cotton fiber
interchangeable parts uniform pieces that can be made in large quantities to replace other identical pieces
patents a document that gives an inventor the sole legal right to an invention for a period of time
factory system system bringing manufacturing steps together in one place to increase efficiency
capitalism an economic system based on private property and free enterprise
capital money for investment
free enterprise the freedom private businesses to operate competitively for profit with minimal government regulation
Created by: arathke21
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