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system in which the means of production, distribution and exchange are owned by the community collectively, usually through the government

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French for "Let the people do as they wish:" form of capitalism that keeps government influence to a minimum

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the movement of people from the countryside to towns and cities

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identical components of a machine that can be substituted for one another

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occurs when a worker is assigned a specialized task to increase efficiency; a complex process is broken down into simpler tasks, which are assigned to specialized workers who only perform their tasks

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arrangement of machines and workers in which products move from operation to operation until the product is complete; each worker is trained to do one thing

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the production of products and services is home-based rather than factory-based

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emergence of the factory-system of production; workers were brought together in a factory, supplied with tools, machines and materials in exchange for wages; began in England

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the process of dividing communal land into individual-owned farming plots

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rapid increase in agricultural productivity and vast improvements in farming technology during the 18th Century