Industrial Revolution

Question 1

association of workers that plan actions and coordinate demands for workers

Answer 1

unions

Question 2

belief that the government should not interfere with the operations of business

Answer 2

laissez-faire

Question 3

business organization in which people buy share of stock or ownership in the business

Answer 3

corporation

Question 4

business owned and controlled by one person

Answer 4

sole proprietorship

Question 5

business owned and controlled by two or more people

Answer 5

partnership

Question 6

business method involving the refusal of workers to work until their demands

Answer 6

strike

Question 7

characteristic of civilizations in which different people perform different jobs

Answer 7

division of labor

Question 8

combination of corporations that control an entire industry

Answer 8

cartel

Question 9

economic and political system where the government owns the means of production and controls economic planning

Answer 9

communism

Question 10

lowest point of a business cycle; associated with low output and high unemployment

Answer 10

depression

Question 11

method of production in which work is done in homes

Answer 11

domestic system

Question 12

economic system in which individuals control the means of production

Answer 12

capitalism

Question 13

name given by Marx to the working class

Answer 13

proletariat

Question 14

parts that can go equally well into other components

Answer 14

interchangeable parts

Question 15

pattern consisting of alternating periods of prosperity and decline

Answer 15

business cycle

Question 16

practice of fencing or enclosing common lands into individual holdings

Answer 16

enclosure movement

Question 17

process of negotiation between union members and management

Answer 17

collective bargaining

Question 18

production of goods in a factory through the use of machines and a large number of workers

Answer 18

factory system

Question 19

residential areas on the outskirts of cities

Answer 19

suburbs

Question 20

system of producing large numbers of identical items

Answer 20

mass production

Question 21

the city-dwelling middle class; in Marxist philosophy, owners of property

Answer 21

bourgeoisie

Question 22

the practice of alternating crops of different kinds to preserve soil fertility

Answer 22

crop rotation

Question 23

the process of people moving from rural areas to cities

Answer 23

urbanization

Question 24

use of automatic machinery to increase production

Answer 24

mechanization

Question 25

complete control of the production or sale of a good or service by a single firm

Answer 25

monopoly