| 1. laissez
faire (laisser faire) |
the
nineteenth-century ethical doctrine that usefulness is the greatest
good and that human action should tend to produce the greatest
good or happiness for the greatest number of people. |
| 2. transformer |
the
theory of a classless social system in which all property and
means of production are owned in common; socialist theory deriving
from the works of Karl Marx and Friedrich Engels. |
| 3. infrastructure |
the
act of uniting. |
| 4. assembly |
an
economic policy or doctrine that opposes government interference
in or regulation of business or commerce beyond what is necessary
for a free-enterprise system to regulate itself. |
| 5. canal |
the
basic facilities and equipment, esp. of a technological nature,
that are necessary for a system or organization to function. |
| 6. union |
an
economic system in which the means of production and distribution
are privately owned, and prices are chiefly determined by open
competition in a free market. |
| 7. utilitarianism |
a
man who practices a craft or skilled trade; artisan. |
| 8. craftsman |
a
channel built to convey water from a long distance. |
| 9. communism |
a
man-made waterway for transportation or irrigation. |
| 10. capitalism |
a
device that transfers electric current from one circuit or set
of circuits to another, by means of electromagnetic induction
and usu. for the purpose of changing voltage. |
| 11. aqueduct |
a
political or economic theory in which community members own all
property, resources, and the means of production, and control
the distribution of goods. |
| 12. socialism |
the
working class, esp. those who lack capital and must sell their
usu. unskilled labor in order to survive. |
| 13. proletariat |
a
group of people gathered together, usu. for a specific purpose. |
