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System in which the mean of production , distribution and exchange are owned by the community collectivity , usually through the government.

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French for "let the people rule." , "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 subsituted for one another.

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Occurs when a worker is asigned a specialized task to increase efficiency ; a complex process is broken is broken down into simpler tasks , wich are assigned to specialized workers who only preform 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 individually-owned farming plots.

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A rapid increase in agriculture productivity and vast improvements in farming technology during the 18th century.