Industrial Revolution
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Last updated 4:29 PM on 6/17/24
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5 Terms
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Industrialization
The process in which a society transforms itself from a primarily agricultural society to one based on the manufacturing of goods and services.
2
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Industrial Revolution
The process of change from an agrarian and handicraft economy to one dominated by industry and machine manufacturing.
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Urbanization
The process by which cities grow and become larger as more and more people begin living and working in central areas.
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Market Economy
Rely on individuals and businesses making decisions based on supply and demand.
5
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Planned Economy
Centrally controlled by the government, which rules production and distribution.
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Flashcards (84)