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System in which the means of production, distrubution and exchange are awned by the community collectively, usually through the government.

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French for "let the people do as they wish;" form of capitlism 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 componets 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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Rapid increase in agriculural productivity and vast improvements in farming technology during the 18th Century.

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Arrangement of machines and workers in which products move from operation to operation until the product is complete; each worker 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.