Dunaway vocab Flashcards
To refuse to work
Strike
An economic system based of private ownership & the investment of money to make a profit
Capitalism
An economis system by which the production or railroads, lands, factories, and businesses are owned by the people
Communism
German journalist who introduced the world to a radical type of socialism called marxism
Karl Mar
An economic system where the factors of production are owned by the public& operate for the welfare
Socialism
Business owned by stock holders who share in its profits
Corporations
An association of workers, to bargain for better working conditions
Union
The growth of cities
Urbanization
A social class made up of skilled workers, professionals and wealthy fathers
Middle class
A person who rganizes managed, and takes risks of a business
Entrepreneur
Certain rights of ownership
Stock
From making goods by had to making them with machines,
Industrial Revolution
The resources needed to produce goods and services
Factors of production
The development of industries for the machine production of goods
Industrialization
Utilitanarianism
