Industrialization - The process where an economy shifts from being primarily agricultural to one based on the large-scale manufacturing of goods in factories., Industrial Revolution - A period of significant technological, economic, and social change beginning in the 18th century, which saw the transition from hand tools to power-driven machines and the rise of the factory system., Factory - A large building or group of buildings where products are made or assembled, typically using machinery, which became central to production during the Industrial Revolution., Natural Resources - Materials or substances, such as coal, iron, and water, that occur in nature and are used for economic gain. They were essential for fueling and building the new technologies of the Industrial Revolution., Entrepreneur - A person who organizes, manages, and takes on the risks of a business enterprise., Urbanization - The process by which an increasing percentage of a population comes to live in cities, which accelerated dramatically during the Industrial Revolution as people moved for factory jobs., Middle Class - A social and economic class that arose during the Industrial Revolution, composed of business owners, factory managers, and professionals who enjoyed a more comfortable standard of living than the working class., Innovation - The process of creating value by applying novel solutions or ideas. Innovations in machinery and production methods were a driving force of the Industrial Revolution., Colony - A country or territory under the political control of a more powerful, often distant, nation. European countries used their colonies as a source of raw materials and as a market for their manufactured goods.,

Industrialization vocabulary

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