An industry whose labor force consists of family units or individuals working at home with their own equipment

An association of employees formed to improve their incomes and working conditions by collective bargaining with the employer or employer organizations

The class of industrial wage earners who, possessing neither capital nor production means, must earn their living by selling their labor.

The ruling class of the two basic classes of capitalist society, consisting of capitalists, manufacturers, bankers, and other employers.

Economic system were central government owns all property and controls all aspects of the economy.

Economic system were businesses are privately owned and goods and services are sold for a profit. Also called a free-market economy.

Economic system were government owns some industries (businesses), while others are privately owned. The government uses profits to pay for services such as health and education.

Author of An Inquiry into the Nature and Causes of the Wealth Of Nations (1776), one of the most influential books ever written.

Considered the founder of Communism, wrote "The Communist Manifesto."

It is farming and growing just enough for survival.

This is farming and growing more than needed for survival to sell in the market.

The making, moving and selling of goods and services.

The making, moving and selling of goods and services that are focused on agriculture.

The making, moving and selling of goods and services that are focused on manufactured goods that come from a factory.