History Crossword
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Down:
1) A form of complete socialism in which the means of production-all land, mines, factories, railroads, and businesses-would be owned by the people.2) A philosophy that Bentham introduced where people should judge ideas, institutions, and actions on the basis of their utility, or usefulness.3) The economic policy of letting owners of industry and business set working conditions without interference. This policy favors a free market unregulated by the government.4) British rule after India came under the British crown during the reign of Queen Victoria.5) The period of time when the sepoy rebelled after finding out that the cartridges of their rifles were greased with haraam, refused to use them, were jailed, and them rebelled and captured Delhi.6) Voluntary labor association formed by the working-class.8) Indian soldiers9) A professor at the University of Glasgow, Scotland, defended the idea of a free economy, or free markets in his 1776 book The Wealth of Nations. According to Smith, economic liberty guaranteed economic progress. As a result, government should not interfere. His arguments rested on what he called the three natural laws of economics: 1. The law of self-interest, 2. The law of competition and 3. The law of supply and demand. |
Across:
7) what the British considered India. It was the most valuable of all Britain’s colonies.10) A union’s refusal to work.11) An economic system in which the factors of production are privately owned and money is invested in business ventures to make a profit.12) The factors of production are owned by the public and operate for the welfare of all. |
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