Before the Industrial Revolution
After the Industrial Revolution
Economics
Vocabulary
Vocabulary II
100
Many Americans lived here before the Industrial Revolution.
What are farms
100
Many people moved from farms to work at factories located in the ___________________.
What is the city
100
The amount of an item you have is called _______________.
What is quantity
100
A person who buys good
What is a consumer
100
The items made for consumers to buy is called _____________.
What is supply
200
Many people who worked in factories experienced
What are low pay, long hours and no breaks
200
Many people who worked in factories experienced this after the Industrial Revolution
What is better pay, set hours and breaks
200
As price of an item goes up, the amount of supply sold ____________________
What is decreases
200
A person who makes goods such as in a factory
What is a producer
200
When people want an item. It is called _______________.
What is demand
300
The transcontinental railroad was located _____________.
What is east to west or the Atlantic to the Pacific Ocean
300
Inventions during the Industrial Revolution made life _______________.
What is easier
300
When price of an item decreases, the amount of the product sold _______________
What is increases
300
When the demand for an item has changed based on consumer preferences, it is called ____________________.
What is demand determinant
300
Someone who lives in a city is called a ______________
What is a city dweller
400
People who came to the United States for a better life and moved to cities were called _______________.
What are immigrants
400
The population in large cities _____________ as more people moved near industries or factories.
What is increased
400
As price of an item increase, the demand for the product will ______________.
What is decrease
400
When there are more producers to make a product and leads to more product being made, it is called ___________________________
What is supply determinant
400
This means to go from one side of the country to the other
What is transcontinental
500
Many people moved to cities which became overcrowded and unhealthy because the population _________________.
What is increased
500
With new inventions being invented, many people were able to do things in less amount of time or ______________.
What is faster
500
If you are making items and people offer you more money to make more of your items, the supply you provide of the item will ____________________
What is increase
500
When you give up something you like to do in order to do something else to get something.
What is opportunity cost
500
This means industry and characterized by companies such as factories.
What is industrial