Key words

Question 1

CAPITALISM

Answer 1

Private businesses for the pursuit of profit

Question 2

INDUSTRIAL REVOLUTION

Answer 2

Period of change and move to a factory based economy

Question 3

INDUSTRIALISATION

Answer 3

The process of changing from an agricultural to an industrial economy

Question 4

PROFIT

Answer 4

Money left over for business owner after all expenses are accounted for

Question 5

ENTREPREUR

Answer 5

Person sets up business

Question 6

KNOBSTICK

Answer 6

A strike breaker

Question 7

TRADE SOCIETY

Answer 7

Early trade union

Question 8

LAISSEZ-FAIRE

Answer 8

Government approach to let the economy run itself

Question 9

ARTISAN

Answer 9

Skilled worker

Question 10

JOURNEYMAN

Answer 10

Trainee worker (in craft industry)

Question 11

CLOSED SHOP

Answer 11

Work organization where all workers are in a trade union

Question 12

CO-OPERATIVE MOVEMENT

Answer 12

Collective organization mutually beneficial to members

Question 13

TRADE UNION

Answer 13

A collective organization of workers

Question 14

FACTORY SYSTEM

Answer 14

Production of goods on large scale using machinery

Question 15

COTTAGE INDUSTRY

Answer 15

Craft industry from people’s homes

Question 16

FREE TRADE

Answer 16

Low or no regulation of trade

Question 17

COLLECTIVE WORKING

Answer 17

Groups of workers doing the same job under the same roof