1. Industrial Revolution
Flash Cards

2. Movement of people from rural areas to cities
Urbanization
Movement of people from rural areas to cities

3. exploitation
To take advantage of

4. The basic material from which a product is made
Raw Materials
The basic material from which a product is made
Ex: Cotton

5. Laissez-Faire
Policy allowing business to operate with little or no government interference

6. Proletariat
Working Class

7. Means of Production
Farms, factories, railways and other large businesses that produce and distribute goods

8. Free Market
An economic system that allows supply and demand to regulate prices, wages, etc.