Unit 5 DEFINITIONS Flashcards
1
Q
Urbanization
A
Increasing industrialization of cities
2
Q
Factors of production
A
Production of goods or services to attempt to make an economic profit
3
Q
Laissez faire
A
Pay policy or attitudes of letting things take their own course without interfering
4
Q
Enclosures
A
Separation of land by fence
5
Q
Entrepreneur
A
Businessman
6
Q
Corporation
A
Large business or organization that under the law is right and duties of an individual and follows a specific purpose
7
Q
Capitalism
A
Economic and political system in which we could just trade and industry controlled by private owners for profit rather than by state
8
Q
Imperialism
A
A policy of extending our influence to diplomacy or military force
