Ch 17 vocabulary Flashcards
Enclosure movement
wealthy farmers bought land from small farmers, then benefited from economies of scale in farming huge tracts of land. The enclosure movement led to improved crop production, such as the rotation of crops.
Crop rotation
the system of varying successive crops in a definite order on the same ground, especially to avoid depleting the soil and to control weeds, diseases, and pests.
Industrial revolution
The rapid development of industry that occurred in Britain in the late 18th and 19th centuries, brought about by the introduction of machinery. It was characterized by the use of steam power, the growth of factories, and the mass production of manufactured goods.
Factors of production
an economic term that describes the inputs that are used in the production of goods or services in order to make an economic profit. The factors of production include land, labor, capital and entrepreneurship.
Mechanization
the process of changing from working largely or exclusively by hand or with animals to doing that work with machinery. In an early engineering text a machine is defined as follows: … In some fields, mechanization includes the use of hand tools.
Factor system
a fundamental tool of Otto Schreier’s classical theory for group extension problem. It consists of a set of automorphisms and a binary function on a group satisfing certain condition (so-called cocycle condition).
Cottage industry
a business or manufacturing activity carried on in a person’s home.
Entrepreneur
a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.
Tenements
a room or a set of rooms forming a separate residence within a house or block of apartments.
Mass production
the manufacture of large quantities of standardized products, frequently utilizing assembly line technology. Mass production refers to the process of creating large numbers of similar products efficiently.
Fordism
a term widely used to describe (1) the system of mass production that was pioneered in the early 20th century by the Ford Motor Company or (2) the typical postwar mode of economic growth and its associated political and social order in advanced capitalism.
Corporation
a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.
Monopoly
the exclusive possession or contr
Strikes
hit forcibly and deliberately with one’s hand or a weapon or other implement.
Unions
the action or fact of joining or being joined, especially in a political context.