Unit 6 vocab

Question 1

Fossil fuel

Answer 1

energy sources formed from the remains of plants & animals

Question 2

Cottage industry

Answer 2

a small business where people make products at home

Question 3

factors of production (four)

Answer 3

resources needed to produce goods

Land
Labor
Capital
Entrepreneurship

Question 4

industrial capitalism

Answer 4

a system where businesses are owned by people who aim to make money

Question 5

Entrepreneur

Answer 5

someone who starts and runs their own business

Question 6

faculty act of 1833

Answer 6

a law in Britain that made working conditions better for children

Question 7

socialism

Answer 7

a system where the government controls businesses to share wealth more equally

Question 8

the communist manifesto

Answer 8

a book that called for workers to raise up against rich business owners

Question 9

proletariat

Answer 9

the working class people who earn money by working for others

Question 10

labor union

Answer 10

a group of workers who join together to fight for better pay & work conditions

Question 11

flora tristan

Answer 11

a women who caught for women’s & workers right

Question 12

Adam smith

Answer 12

A thinker who believed businesses should operate freely without government control