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place in which workers and machines are brought together to produce large quantities of goods
idea the the goal of society should be to bring out the greatest hapiness for the greatest number of people
system in which he people as a whole rather than private indivuals own all property and operate all businesses
means of production
farms, factories, railways, and other large businesses that produce and distribute goods
form of socialism advocated by karl marx; according to marx, class struggle was inevitable and would lead to the creation of a classless society in which all wealth and property would be owned by the community as a whole
business owned by many investors who buy shares of stocks and risk only the amount of their investment
association of large corporations formed to fix prices set production quotas or divide up markets
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