Chp 9 Voc

Large fields where wealthy landowners expiremented with more productive seeding and harvesting

Best developement by scientific farmers

Resources needed to produce goods and services that the Industrial Revolution required

Period of city building and the movement of people to cities

A business owned by stockholders who share in its profits but are not personally responsible for its debts

Refers to the economic policy of letting owners of industry and business set working conditions without interference

An economic system in which the factors of production are privately owned and money is invested in business ventures to make a profit

Philosophy by Bentham in the late 1700s saying people should judge ideas, institutions, and actions on the basis of their utility or usefulness

Voluntary labor associations that workers joined to press for reforms

Refuse to work

An imaginary land described by THomas More in his book Utopia-hence, an ideal place

Certain rights of ownership

A person who organizes, manages, and takes on the risks of a business

A system where the factors of production are owned by the public and operate for the welfare of all