All terms in this list:

Capitalism: a socio-economic system based on private property rights, including the private ownership of resources or capital, with economic decisions made largely through the operation of an unregulated market.

Consumer: someone who trades money for goods as an individual.

Proletariat: The working class or lower class.

Producer: An individual or organization that creates goods and services.

laissez faire: A policy of governmental non-interference in economic affairs.

Adam smith: Scottish moral philosopher , pioneer of political economy , and key Scottish Enlightenment figure

Karl Marx: German Philosopher sociologist journalism ,and revolutionary socialist

free enterprise: a private business operates in competition and free of state control

social reform: a group of people who come together and makes the same goals for the business

mass production: The process of manufacturing products on a large scale.

reform bill of 1832: any of the British Parliament bills that became acts in 1832, and 1884-85 and that expanded the electorate for the house of commons and rationalized the representative of the body