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Industrial rev
Words and definitions
Term | Definition |
---|---|
industry | The business of turning raw materials into manufactured good |
capital (economic) | Refers to money / cash or other assets owned by a business. |
urbanization | When there is a concentration of population in the city or urban areas. |
assembly line | Putting together certain pieces of a larger product using a conveyer built at different assembly stations to ensure a full product is made. |
crop rotation | The practice ofsquentially planting different crops on the same plot of land to improve soil health and to optimize nutrients in the soil. |
entrepreneur | A person who organizes and operates a business |
raw materials | Unprocessed material before goods are made out of them. |
supply and demand | The amount of product, or service available and the desire of buyers for it. |
crop yield | The amount of agricultural production harvested |
bourgeoisie | A social class defined as the middle or upper middle class. |
textile | Related to cloth or woven fabric. |
sanitation | Relating to public health, clean drinking water and adequate sewage disposal. |
urban | Another term meaning city or town. |
demographics | Relating to how the population is structured. |
proletariat | Refers to working-class people. |
labor union | Organization formed to protect and further the rights and interests of the working class. |
cottage industry | A system of production where goods and services are produced at home in small amounts. |
Mass production | Manufacturing large quanities of products using machines. |
Factory system | Many machines set up in large buildings where people went to work. |
Enclosure movement | Taking over and fencing off land that had once been shared by peasant farmers. |
Migrating | Moving from one area to live in a different area. |
Livestock | Farm animals |
Agriculture | Land used for farming. |
laissez faire | Idea that government should play as small a role as possible in economic affairs. |