Study Guide 5 Flashcards
When one country controls the political, economic, and cultural life of another
Imperalism
A room or set of rooms forming a separate residence within a house or block of apartments.
Tenement
The building of cities and the moment of people to cities
Urbanization
Process of developing machine production of goods
Industrialization
Resources needed to produce goods and services
Factors of production
Economic that favors a free market untouched by the government
Laissez-faire
Large fields surrounded by fences or hedges, in which landowners in which farm owners experiment new farming methods
Enclosure
A person who organizes, manages, and takes on the risk of business
Entrepreneurs
Business owned by stockholders who share in its profits but are not personally responsible for its debts
Corporation
Economic systems in which the factors of production are privately owned and money is invested in business ventures to make a profit
Capitalism
Government system in which the goods you receive are based on how hard you work
Capitalism
Government systems in which the goods you receive are based on needs
Communism
What is one of the main ideas of commensalism
Private ownership
Who invented the light bulb
Thomas Edison
Who were the first people to fly
The wright brothers