industrial revolution Flashcards
enclosure movement
Enclosure (sometimes inclosure) was the legal process in England during the 18th century of enclosing a number of small landholdings to create one larger farm
crop rotation
Crop rotation is the practice of growing a series of dissimilar or different types of crops in the same area in sequenced seasons. It is done so that the soil of farms is not used to only one type of nutrient.
industrial revolution
The Industrial Revolution was the transition to new manufacturing processes in the period from about 1760 to sometime between 1820 and 1840.
factors of productions
In economics, factors of production, resources, or inputs are what is used in the production process to produce output—that is, finished goods and services.
mechanization
Mechanization or mechanisation (British English) is the process of changing from working largely or exclusively by hand or with animals to doing that work with machinery
factory system
The factory system is a method of manufacturing using machinery and division of labour. Because of the high capital cost of machinery and factory buildings, factories are typically owned by capitalists who employ the operative labour.
cottage industry
A cottage industry is a small-scale industry often operated out of a home, rather than out of a factory. Cottage industries are defined by the amount of investment required to start, as well as the number of people employed. They often focus on the production of labor-intensive goods.
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enterpreneur
Entrepreneurship has traditionally been defined as the process of designing, launching and running a new business, which typically begins as a small business, such as a startup company, offering a product, process or service for sale or hire, and the people who do so are called ‘entrepreneurs
tenements
A tenement is, in most English-speaking areas, a substandard multi-family dwelling in the urban core, usually old and occupied by the poor. In Scotland it still has its original meaning of a multi-occupancy building of any sort, and in parts of England, especially Devon and Cornwall, it refers to an outshot, or additional projecting part at the back of a terraced house, normally with its own roof.[1]
mass production
“Mass production”, “flow production” or “continuous production” is the production of large amounts of standardized products, including and especially on assembly lines. Together with job production and batch production, it is one of the three main production methods.[1]
fordism
Fordism describes modern economic and social systems based on industrialized, standardized mass production and mass consumption. The concept (named for Henry Ford) is used in social, economic, and management theory about production, working conditions, consumption, and related phenomena, especially regarding the 20th century.[1]
corporation
A corporation is a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law. Early incorporated entities were established by charter (i.e. by an ad hoc act granted by a monarch or passed by a parliament or legislature).
monopoly
A monopoly is a market containing a single firm that has or is close to total control of the sector. Monopolies are typically forced to divest assets to satisfy anti-monopoly laws. These antitrust laws were put in place to protect consumers and control companies from evil practices thanks to total control
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strikes
Strike action, also called labor strike, labour strike, or simply strike, is a work stoppage caused by the mass refusal of employees to work.
unions
Union is the state of being united or joined