Industrial Revolution Flash Cards
Movement of people from rural areas to cities Urbanization Movement of people from rural areas to cities
exploitation To take advantage of
The basic material from which a product is made Raw Materials The basic material from which a product is made Ex: Cotton
Laissez-Faire Policy allowing business to operate with little or no government interference
Proletariat Working Class
Means of Production Farms, factories, railways and other large businesses that produce and distribute goods
Free Market An economic system that allows supply and demand to regulate prices, wages, etc.