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Modern World History

Industrial Revolution CH 9:1-3

TermDefinition
Industrial Revolution An era of history (mid 1700s) where goods began to be made by machine rather than by hand.
industrialization The process of making products using machines.
factors of production Resources needed to produce goods such as land, labor & capital.
entrepreneur A person who organizes, manages, and takes on the risk of a business.
urbanization City building and the movement of people to cities.
middle class A social class made up of skilled workers, professionals, business people, and wealthy farmers.
stock A share or certain right to ownership of a business.
corporation A business owned by stockholders who share in its profits but are not responsible for its debts.
Created by: narobd