Karl Marx was a German philosopher, economist, sociologist, journalist and revolutionary socialistĪ person who organizes and manages any enterprise, especially a business, usually with considerable initiative and riskĪ group of states or nations united into one political body The large-scale introduction of manufacturing, advanced technical enterprises, and other productive economic activity into an area, society, country, etcĪn economic system in which investment in and ownership of the means of production, distribution, and exchange of wealth is made and maintained chiefly by private individuals or corporations, especially as contrasted to cooperatively or state-owned means of wealthĪ building or group of buildings with facilities for the manufacture of goodsĪ theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole Smith is best known for two classic works: The Theory of Moral Sentiments, and An Inquiry into the Nature and Causes of the Wealth of Nations It helps in reducing soil erosion and increases soil fertility and crop yieldĪdam Smith was a Scottish moral philosopher, pioneer of political economy, and a key figure in the Scottish Enlightenment.
Combination of style and vigor crossword series#
inventoryĪn association of individuals, created by law or under authority of law, having a continuous existence independent of the existences of its members, and powers and liabilities distinct from those of its membersĬrop rotation is the practice of growing a series of dissimilar or different types of crops in the same area in sequenced seasons. The totality of the changes in economic and social organization that began about 1760 in England and later in other countries, characterized chiefly by the replacement of hand tools with power-driven machines, as the power loom and the steam engine, and by the concentration of industry in large establishmentsĪ supply of goods kept on hand for sale to customers by a merchant, distributor, manufacturer, etc.
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