| A | B |
|---|
| entrepreneurs | A person who organizes or operates a business. |
| Factors of Production | Land, labor, capital. |
| labor | Workers. |
| capital | Wealth in the form of money or property used for investment. |
| urbanization | The growth of cities. |
| standard of living | The quality of life of a person. |
| poor laws | A law or system of laws providing for support of the poor. |
| labor unions | An organization of workers created to improve wages and working conditions. |
| tenements | Housing for the masses. |
| laissez-faire | "Keep government out of business." |
| utopia | An ideally perfect place. |
| communism | A system of government in which the state controls the economy. |
| socialism | A social system in which the means of producing and distributing goods are owned collectively and political power is exercised by the whole community. |
| Communist Manifesto | The main documentof Communism. |
| muckrackers | Reporters who search for and expose misconduct in public life. |
| Thomas Malthus | Wrote an essay arguing that population tends to increase faster than food supply. |
| global warming | An increase in the average temperature of the earth's atmosphere. |
| greenhouse gas | Causes global warming. |
| Marxism | The political and economic ideas of Karl Marx and Friedrich Engels on early communism and socialism. |
| bourgeoisie | The middle class in Marxist theory. |
| proletariat | The industrial wage earners. |
| enclosure movement | The fencing off of farmland by large landowners. |
| factory system | Producing products in a factory rather than a home. |
| James Watt | Inventor who made fundamental improvements in the steam engine. |
| Jethro Tull | Invented the seed drill. |
| Interchangeable parts | To switch each of (two things) into the place of the other. |
| inventors | Individuals who make something previously unknown. |
| Division of labor | One person does one specific job in a process. |
| Domestic system | Products produced within a home. |
| Assembly line | Mass production method in the factory system. |
