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The industrial Revolution

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  • crop rotation
    planting a different crop in the same field each year to allow the soil to regenerate
  • large closed-in field for farming
    enclosure
  • conditions needed to produce goods and services
    factors of production
  • assembly line
    each worker does one step of a manufacturing processes
  • building where goods are made
    factory
  • Which nation industrialized first?
    Belgium
  • entrepreneur
    person who organizes, manages, and takes on the financial risk of a business enterprise
  • corporation
    business owned by stockholders who share in its profits but are not responsible for its debts
  • separation of tasks
    specialization
  • great increase in machine production that began in England in the 18th century
    Industrial Revolution
  • right of ownership in a company called a corporation
    stock
  • people in a society relying on other people
    economic interdependence
  • Which nation industrialized first?
    Belgium
  • different workers doing individual and different tasks
    division of labor
  • social class of skilled workers, professionals, business people, and wealthy farmers
    middle class
  • interchangeable parts
    machine parts that are identical and manufactured by machine
  • city building and the movement of people to cities
    urbanization
  • mass production
    system of manufacturing large quantities of identical items
  • Which nation industrialized first?
    Belgium
  • Was Britain the first country to industrialize?
    true
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