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Unit 3: Origins of Liberalism

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Term
Definition
capital   show
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capitalist   show
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citizenship   show
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class system   show
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classical liberalism   show
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demand   show
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democratic socialism   show
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distribution of wealth   show
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show a system of manufacture where things are made in workers' homes rather than in separate buildings or factories  
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show an organized way of making decisions about the way limited resources are to be used in society. Limited resources are caused by scarcity. There are not enough resources to fulfill everyone's needs and wants.  
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economics   show
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show the method that a society uses for the production, distribution, and consumption of goods and services  
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show a person who organizes, operates, and assumes the risk for a business venture; a businessperson  
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factory system   show
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show also called products; items that have economic use or that satisfy economic needs or wants  
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show the rapid change from muscle power to machine power and the results on society of that change beginning about 1750 in England  
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show the situation in which a society introduces technology into the making of goods  
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show work done by humans used in the production of goods and services  
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labour union   show
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laissez-faire   show
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land   show
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market   show
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show all the resources needed to produce goods and services, especially land, labour, and capital  
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modern liberalism   show
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monopoly   show
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needs   show
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show society's values, beliefs, and customs dealing with decision-making  
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political institution   show
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show an organized way to make, fulfill, and interpret laws and rules  
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show a person who promotes change in society but who may stop short of changing society completely  
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show a situation in which one has not enough of something or it is not available  
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socialist   show
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supply   show
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show an ideology based on collective communities of workers with improved living and working conditions; land and capital would be owned collectively by the community  
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wants   show
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welfare state   show
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