Market (economics)In economics, a market is a composition of systems, institutions, procedures, social relations or infrastructures whereby parties engage in exchange. While parties may exchange goods and services by barter, most markets rely on sellers offering their goods or services (including labour power) to buyers in exchange for money. It can be said that a market is the process by which the prices of goods and services are established. Markets facilitate trade and enable the distribution and allocation of resources in a society.
CommunismCommunism (from Latin communis) is a left-wing to far-left sociopolitical, philosophical, and economic ideology within the socialist movement, whose goal is the creation of a communist society, a socioeconomic order centered around common ownership of the means of production, distribution, and exchange that allocates products to everyone in the society based on need. A communist society would entail the absence of private property and social classes, and ultimately money and the state (or nation state).
Common landCommon land is land owned by a person or collectively by a number of persons, over which other persons have certain common rights, such as to allow their livestock to graze upon it, to collect wood, or to cut turf for fuel. A person who has a right in, or over, common land jointly with another or others is usually called a commoner. In Great Britain, common land or former common land is usually referred to as a common; for instance, Clapham Common and Mungrisdale Common.
Economic historyEconomic history is the study of history using methodological tools from economics or with a special attention to economic phenomena. Research is conducted using a combination of historical methods, statistical methods and the application of economic theory to historical situations and institutions. The field can encompass a wide variety of topics, including equality, finance, technology, labour, and business. It emphasizes historicizing the economy itself, analyzing it as a dynamic entity and attempting to provide insights into the way it is structured and conceived.
Early modern EuropeEarly modern Europe, also referred to as the post-medieval period, is the period of European history between the end of the Middle Ages and the beginning of the Industrial Revolution, roughly the late 15th century to the late 18th century. Historians variously mark the beginning of the early modern period with the invention of moveable type printing in the 1450s, the Fall of Constantinople and end of the Hundred Years’ War in 1453, the end of the Wars of the Roses in 1485, the beginning of the High Renaissance in Italy in the 1490s, the end of the Reconquista and subsequent voyages of Christopher Columbus to the Americas in 1492, or the start of the Protestant Reformation in 1517.
ProtestantismProtestantism is a branch of Christianity that follows the theological tenets of the Protestant Reformation, a movement that began in the 16th century with the goal of reforming the Catholic Church from perceived errors, abuses, and discrepancies. Protestantism emphasizes the Christian believer's justification by God in faith alone (sola fide) rather than by a combination of faith with good works as in Catholicism; the teaching that salvation comes by divine grace or "unmerited favor" only (sola gratia); the priesthood of all believers in the Church; and the sola scriptura ("scripture alone") that posits the Bible as the sole infallible source of authority for Christian faith and practice.
Working classThe working class, sometimes incorrectly referred to as the middle class, includes all employees who are compensated with wage or salary-based contracts. Working-class occupations (see also "Designation of workers by collar colour") include blue-collar jobs, and most pink-collar jobs. Members of the working class rely exclusively upon earnings from wage labour; thus, according to more inclusive definitions, the category can include almost all of the working population of industrialized economies, as well as those employed in the urban areas (cities, towns, villages) of non-industrialized economies or in the rural workforce.
PeasantA peasant is a pre-industrial agricultural laborer or a farmer with limited land-ownership, especially one living in the Middle Ages under feudalism and paying rent, tax, fees, or services to a landlord. In Europe, three classes of peasants existed: non-free slaves, semi-free serfs, and free tenants. Peasants might hold title to land outright (fee simple), or by any of several forms of land tenure, among them socage, quit-rent, leasehold, and copyhold. In some contexts, "peasant" has a pejorative meaning, even when referring to farm laborers.
Industrial RevolutionThe Industrial Revolution, also known as the First Industrial Revolution, was a period of global transition of human economy towards more efficient and stable manufacturing processes that succeeded the Agricultural Revolution, starting from Great Britain, continental Europe, and the United States, that occurred during the period from around 1760 to about 1820–1840. This transition included going from hand production methods to machines; new chemical manufacturing and iron production processes; the increasing use of water power and steam power; the development of machine tools; and the rise of the mechanized factory system.
HistoriographyHistoriography is the study of the methods of historians in developing history as an academic discipline, and by extension is any body of historical work on a particular subject. The historiography of a specific topic covers how historians have studied that topic by using particular sources, techniques, and theoretical approaches. Scholars discuss historiography by topic—such as the historiography of the United Kingdom, that of WWII, the pre-Columbian Americas, early Islam, and China—and different approaches and genres, such as political history and social history.
