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Unit 8: Industrial Revolution
The improved farming methods.
Made transportation of produce, and people faster.
The process of developing machines to create goods.
Factors of Production
The requirement of aquiring all resources needed to produce goods and services.
A large building where wealthy merchants set up machines.
A cheap efficent way to transport goods.
An economic system where people invest their money in growing buisness to make a profit.
Where people do not make profits off the expense of other people.
An economic system where the government runs everything, and everyone is equal.