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An economic system in which all factors of production are privately owned and there was no government interference
interchangeable parts
entrepreneur
division of labor
laissez-faire capitalism
cottage industry
Industrial Revolution
building of factories
steam engine
assigning workers to specialized tasks as a product moves along a assembly line from worker to worker
interchangeable parts
entrepreneur
division of labor
laissez-faire capitalism
cottage industry
Industrial Revolution
building of factories
steam engine
a world-wide economic change of how manufactured goods were made
interchangeable parts
entrepreneur
division of labor
laissez-faire capitalism
cottage industry
Industrial Revolution
building of factories
steam engine
a person who comes up with an idea or product to sell, and uses their own money to create the business
interchangeable parts
entrepreneur
division of labor
laissez-faire capitalism
cottage industry
Industrial Revolution
building of factories
steam engine
Which of the following did NOT become a factor of industrialization?
interchangeable parts
entrepreneur
division of labor
laissez-faire capitalism
cottage industry
Industrial Revolution
building of factories
steam engine
Products were made or manufactured in people’s homes (cottages) to sell
interchangeable parts
entrepreneur
division of labor
laissez-faire capitalism
cottage industry
Industrial Revolution
building of factories
steam engine
the use of machine-made parts that are exactly alike
interchangeable parts
entrepreneur
division of labor
laissez-faire capitalism
cottage industry
Industrial Revolution
building of factories
steam engine
What was the major invention that lead to industrialization?
interchangeable parts
entrepreneur
division of labor
laissez-faire capitalism
cottage industry
Industrial Revolution
building of factories
steam engine
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