These flashcards aren't stored yet — they'll disappear when you leave. Create a free account to keep them, and unlock everything below.
What is the number one indicator of standard of living?
A person's income
Xem thẻ ở đây, hoặc sign up to study with spaced repetition.
Who created a crop rotation that did not need to leave land fallow?
Charles Townshend
Xem thẻ ở đây, hoặc sign up to study with spaced repetition.
What percentage of the European population was involved in agriculture?
About 80%
Xem thẻ ở đây, hoặc sign up to study with spaced repetition.
What was a problem with the cottage industry?
Control of the quality of the product
Xem thẻ ở đây, hoặc sign up to study with spaced repetition.
What fuel source do new machines require, leading to increased mining?
Coal
Xem thẻ ở đây, hoặc sign up to study with spaced repetition.
What metaphor describes banks in relation to the economy?
Like a heart, money is like blood
Xem thẻ ở đây, hoặc sign up to study with spaced repetition.
Who wrote the Wealth of Nations?
Adam Smith
Xem thẻ ở đây, hoặc sign up to study with spaced repetition.
What dictates a worker's life in a factory?
The factory whistle
Xem thẻ ở đây, hoặc sign up to study with spaced repetition.
What is a bull market?
A market where share values tend to rise
Xem thẻ ở đây, hoặc sign up to study with spaced repetition.
What does laissez-faire mean in economic terms?
Government does not interfere
Xem thẻ ở đây, hoặc sign up to study with spaced repetition.
Who were the Luddites?
Frustrated workers who vandalized factories
Xem thẻ ở đây, hoặc sign up to study with spaced repetition.
What economic theory brought European countries into competition?
Mercantilism
Xem thẻ ở đây, hoặc sign up to study with spaced repetition.
What is the point of equilibrium?
The price point at which supply meets demand
Xem thẻ ở đây, hoặc sign up to study with spaced repetition.
Why did people have to live close to their workplace?
No public transportation
Xem thẻ ở đây, hoặc sign up to study with spaced repetition.
What financial instrument allowed depositors to write instead of using cash?
Cheques or promissory notes
Xem thẻ ở đây, hoặc sign up to study with spaced repetition.
What does the price charged to consumers include?
Cost of production plus profit margin
Xem thẻ ở đây, hoặc sign up to study with spaced repetition.
What class posed a threat to the aristocracy?
The new entrepreneurial middle class
Xem thẻ ở đây, hoặc sign up to study with spaced repetition.
What is the Enclosure Movement?
Farming land privately rather than publicly
Xem thẻ ở đây, hoặc sign up to study with spaced repetition.
What does capitalism allow a person to earn a living by?
Investing rather than working
Xem thẻ ở đây, hoặc sign up to study with spaced repetition.
Why did Fritz Harcourt struggle in Prussia?
Lacked the infrastructure to produce and distribute goods
Xem thẻ ở đây, hoặc sign up to study with spaced repetition.
What were British colonies forced to do?
Buy British
Xem thẻ ở đây, hoặc sign up to study with spaced repetition.
How do British businesses benefit from the banking system?
As a place to get money
Xem thẻ ở đây, hoặc sign up to study with spaced repetition.
Who created the first locomotive?
George Stephenson
Xem thẻ ở đây, hoặc sign up to study with spaced repetition.
What is needed for trains to distribute goods?
Rail roads
Xem thẻ ở đây, hoặc sign up to study with spaced repetition.
How do banks make money?
By charging a higher rate of interest to borrowers than to depositors
Xem thẻ ở đây, hoặc sign up to study with spaced repetition.
What is the number one indicator of standard of living?
A person's income
Who created a crop rotation that did not need to leave land fallow?
Charles Townshend
What percentage of the European population was involved in agriculture?
About 80%
What was a problem with the cottage industry?
Control of the quality of the product
What fuel source do new machines require, leading to increased mining?
Coal
What metaphor describes banks in relation to the economy?
Like a heart, money is like blood
Who wrote the Wealth of Nations?
Adam Smith
What dictates a worker's life in a factory?
The factory whistle
What is a bull market?
A market where share values tend to rise
What does laissez-faire mean in economic terms?
Government does not interfere
Who were the Luddites?
Frustrated workers who vandalized factories
What economic theory brought European countries into competition?
Mercantilism
What is the point of equilibrium?
The price point at which supply meets demand
Why did people have to live close to their workplace?
No public transportation
What financial instrument allowed depositors to write instead of using cash?
Cheques or promissory notes
What does the price charged to consumers include?
Cost of production plus profit margin
What class posed a threat to the aristocracy?
The new entrepreneurial middle class
What is the Enclosure Movement?
Farming land privately rather than publicly
What does capitalism allow a person to earn a living by?
Investing rather than working
Why did Fritz Harcourt struggle in Prussia?
Lacked the infrastructure to produce and distribute goods
What were British colonies forced to do?
Buy British
How do British businesses benefit from the banking system?
As a place to get money
Who created the first locomotive?
George Stephenson
What is needed for trains to distribute goods?
Rail roads
How do banks make money?
By charging a higher rate of interest to borrowers than to depositors
Bạn có chắc chắn muốn xóa 0 flashcard? Hành động này không thể hoàn tác.
Chọn thẻ để gỡ khỏi 0 flashcard đã chọn:
Đang tải thẻ...