Imperalism Flashcards
When the country controls the political, economic, and cultural life of another country
Imperialism
A room or set of rooms forming a separate residence with a house or block of apartments
Tenement
The building of cities and the movement of people to cities
Urbanization
Process of developing machine production of goods
Industrialization
Resources needed to produce goods and services
Factors of population
Economic policy that favors a free market untouched by the government
Laiez Faire
Large field surrounded by fences or hedges, in which landowners experiment with new farming methods
Enclosure
A person who organizes, manages, and takes on the risks of a business
Entrepreneur
Business owned by stockholders who share in its profits but are not personally responsible for its debts
Cooperation
Economic system in which the factors of production are privately owned by and money is invested in buissuness ventures to make a profit
Capitalism
Government system in which the goods you receive is based on how hard you work
Capitalism
Government system in which the goods you receive are based on needs
Communism
What is one of the main ideas of capitalism
Private ownership
Who invented the lightbulb
Thomas Edison
Who were the first people to fly
The wright brothers