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Industrial Revolution

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Joanna Vazquez

on 2 November 2016

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Transcript of Industrial Revolution

Factors of Production
Resources needed to produce goods and services.

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

Middle Class
A social class of skilled workers, professionals, businesspeople, and wealthy farmers.

A business owned by stockholders who share in its profits but are not personally responsible for its debts.
laissez faire
The economic policy of letting owner of industry and business set working conditions without interference from government.

Industrial revolution
Industrial Revolution

A period of greatly increase output of machine-made goods during the 18th century.
The factors of production are owned by the public and operate for the welfare of all.
Workers joined together in voluntary associations

How these words are connected.
I believe these words are connected because they all have to do with the management of a job or who owns the business.
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