Terms : Hide Images
| land, labor, and capital; the three groups of resources that are used to make all goods and services | ||
| small-scale industry that can be carried on at home by family members using their own equipment | ||
| English inventor advocated the use of horses instead of oxen. Developed the seed drill and selective breeding. | ||
| Invented the steam engine | ||
| an organization of workers that tries to improve working conditions, wages, and benefits for its members | ||
| process of making large quantities of a product quickly and cheaply | ||
| uniform pieces that can be made in large quantities to replace other identical pieces | ||
| Production method that breaks down a complex job into a series of smaller tasks | ||
| An economic theory that government should not regulate or interfere with commerce | ||
| a form of socialism that abolishes private ownership | ||
| the middle class, including merchants, industrialists, and professional people | ||
| a social class comprising those who do manual labor or work for wages | ||
| an economic system in which the factors of production are owned by the public and operate for the welfare of all. | ||
| the amount of goods and services people can buy with the money they have | ||
| A way to manufacture steel quickly and cheaply by blasting hot air through melted iron to quickly remove impurities. | ||
| English natural scientist who formulated a theory of evolution by natural selection (1809-1882) | ||
| movement of people from rural areas to cities | ||
| 19th century artistic movement that appealed to emotion rather than reason | ||
| artistic representation that aims for visual accuracy | ||
| a movement in 19th century painting, in which artists reacted against realism by seeking to convey their impressions of subjects or moments in time |
