an economic system in which a country’s businesses and industry are controlled and run for profit by private owners rather than by the government: the growth of industrial capitalism in the West
industrialisation
The development of industry on a large scale. Industrialism is an economic system that is based on industry and the mass production of consumer goods.
republic
a country that is governed by a president and politicians elected by the people and where there is no king or queen
factory
a building or group of buildings where goods are made
urbanization
It means the growth of cities, brought about by a population shift from rural areas and small communities to large ones, and the change from a largely agricultural economy to an industrial one.
laisser-faire economics
the policy of allowing private businesses to develop without government control
labour / trade union
An organization of workers, usually in a particular industry, that exists to protect their interests, improve conditions of work, etc..
means of production
things needed for manufacturing: in Marxism, the raw materials, tools, machinery, and other necessities required in the manufacturing process
industrial revolution
the period in the 18th and 19th centuries in Europe and the US when machines began to be used to do work, and industry grew rapidly
working class
the social class whose members do not have much money or power and are usually employed to do manual work (physical work using their hands)
Prüfungsvorbereitung Recht und Wirtschaft 19.09.07
Aufteilung der Macht
Die Aufteilung der Macht auf verschiedene Institutionen versprach den Rechtsstaat. Die Dreiteilung in die gesetzgebende, die richterliche und die ausführende Gewalt (Legislative, Judikative, Exekutive) führte zu einer völlig neuen Auffassung.
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