Industrial Revolution

In which country did the Industrial Revolution start take off in the 17th Century?

Economic system in which the means of production are owned or regulated by community as a whole

Economic system characterized by free trade, with prices determined by supply & demand

In order to protect themselves, laborers organized themselves into __________.

An economic system in which a country's trade and industry are controlled privately for profit

Which of the following thinkers is known as the father of capitalism and free market economics?

Which of the following devices led to incredible growth in the textile production?

Relates to a government not interfering with the economy

When something is in short supply; the fundamental problem of economics

Which of the following two thinkers wrote The Communist Manifesto together?

Marxist form of Socialism established by violent revolution & class struggle is called ______.

Which of the following systems did large-scale textile manufacturing replace?

The resources and facilities needed to produce goods.

Which economic system is characterized by centralized control of what is produced

Which of the following factors supported the development of industrialization?

Which of the following was an effect of the Industrial Revolution?