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Industrial Capitalism
Capitalism is an economic system based on the private ownership of the means of production. This is generally taken to imply the moral permissibility of profit, free trade, capital accumulation, voluntary exchange, wage labor, etc. Its emergence, evolution, and spread are the subjects of extensive research and debate. Capitalism is an economic system where the means of production are privately owned. This system typically involves the acceptance of profit, free trade, capital accumulation, voluntary exchange, and wage labor. Modern capitalism evolved from agrarianism in England and mercantilist practices across Europe between the 16th and 18th centuries. The 18th-century Industrial Revolution cemented capitalism as the primary method of production, characterized by factories and a complex division of labor. The term "capitalism" in its modern sense emerged in the mid-19th century, with thinkers like Louis Blanc and Pierre-Joseph Proudhon coining the term to describe an economic ...
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Capitalism
Capitalism is an economic system based on the private ownership of the means of production and their use for the purpose of obtaining profit. This socioeconomic system has developed historically through several stages and is defined by a number of basic constituent elements: private property, profit motive, capital accumulation, competitive markets, commodification, wage labor, and an emphasis on innovation and economic growth. Capitalist economies tend to experience a business cycle of economic growth followed by recessions. Economists, historians, political economists, and sociologists have adopted different perspectives in their analyses of capitalism and have recognized various forms of it in practice. These include '' laissez-faire'' or free-market capitalism, state capitalism, and welfare capitalism. Different forms of capitalism feature varying degrees of free markets, public ownership, obstacles to free competition, and state-sanctioned social poli ...
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Meadow
A meadow ( ) is an open habitat or field, vegetated by grasses, herbs, and other non- woody plants. Trees or shrubs may sparsely populate meadows, as long as they maintain an open character. Meadows can occur naturally under favourable conditions but are often artificially created from cleared shrub or woodland for the production of hay, fodder or livestock. Meadow habitats as a group are characterized as semi-natural grasslands, meaning that they are largely composed of species native to the region, with only limited human intervention. Meadows attract a multitude of wildlife and support flora and fauna that could not thrive in other habitats. They are ecologically important since they provide areas for animal courtship displays, nesting, food gathering, pollinating insects, and sometimes sheltering if the vegetation is high enough. Intensified agricultural practices (too frequent mowing, use of mineral fertilizers, manure and insecticides) may lead to declin ...
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Mowing
A mower is a person or machine that cuts (mows) grass or other plants that grow on the ground. Usually mowing is distinguished from reaping, which uses similar implements, but is the traditional term for harvesting grain crops, e.g. with reapers and combines. A smaller mower used for lawns and sports grounds (playing fields) is called a ''lawn mower'' or ''grounds mower'', which is often self-powered, or may also be small enough to be pushed by the operator. Grounds mowers have reel or rotary cutters. Larger mowers or '' mower-conditioners'' are mainly used to cut grass (or other crops) for hay or silage and often place the cut material into rows, which are referred to as ''windrows''. '' Swathers'' (or ''windrowers'') are also used to cut grass (and grain crops). Prior to the invention and adoption of mechanized mowers, (and today in places where use a mower is impractical or uneconomical), grass and grain crops were cut by hand using scythes or sickles. Mower configuratio ...
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Open Field System
The open-field system was the prevalent agricultural system in much of Europe during the Middle Ages and lasted into the 20th century in Russia, Iran, and Turkey. Each manor or village had two or three large fields, usually several hundred acres each, which were divided into many narrow strips of land. The strips or selions were cultivated by peasants, often called tenants or serfs. The holdings of a manor also included woodland and pasture areas for common usage and fields belonging to the lord of the manor and the religious authorities, usually Roman Catholics in medieval Western Europe. The farmers customarily lived in separate houses in a nucleated village with a much larger manor house and church nearby. The open-field system necessitated co-operation among the residents of the manor. The Lord of the Manor, his officials, and a manorial court administered the manor and exercised jurisdiction over the peasantry. The Lord levied rents and required the peasantry to work on ...
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Common Land
Common land is collective land (sometimes only open to those whose nation governs the land) in which all 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. Due to enclosure, the extent of common land is now much reduced from the hundreds of square kilometres that existed until the 17th century, but a considerable amount of common land still exists, particularly in upland areas. There are over 8,000 registered commons in England alone. Origins Originally in medieval England the common was an integral part of the manor, and was thus part of the estate held by the lord of the manor under a grant from the Crown or a superior peer (who in turn held hi ...
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Place Name
Toponymy, toponymics, or toponomastics is the study of '' toponyms'' (proper names of places, also known as place names and geographic names), including their origins, meanings, usage, and types. ''Toponym'' is the general term for a proper name of any geographical feature, and full scope of the term also includes proper names of all cosmographical features. In a more specific sense, the term ''toponymy'' refers to an inventory of toponyms, while the discipline researching such names is referred to as ''toponymics'' or ''toponomastics''. Toponymy is a branch of onomastics, the study of proper names of all kinds. A person who studies toponymy is called ''toponymist''. Etymology The term ''toponymy'' comes from / , 'place', and / , 'name'. The ''Oxford English Dictionary'' records ''toponymy'' (meaning "place name") first appearing in English in 1876 in the context of geographical studies. Since then, ''toponym'' has come to replace the term ''place-name'' in professional disc ...
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Legal Document
Legal instrument is a legal term of art that is used for any formally executed written document that can be formally attributed to its author, records and formally expresses a legally enforceable act, process, or contractual duty, obligation, or right, and therefore evidences that act, process, or agreement.''Barron's Law Dictionary'', s.v. "instrument". Examples include a certificate, deed, bond, contract, will, legislative act, notarial act, court writ or process, or any law passed by a competent legislative body in domestic or international law. Many legal instruments were written ''under seal'' by affixing a wax or paper seal to the document in evidence of its legal execution and authenticity (which often removed the need for consideration in contract law). However, today many jurisdictions have done away with the requirement of documents being under seal in order to give them legal effect. Electronic legal documents With the onset of the Internet and electronic e ...
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Enclosure
Enclosure or inclosure is a term, used in English landownership, that refers to the appropriation of "waste" or "common land", enclosing it, and by doing so depriving commoners of their traditional rights of access and usage. Agreements to enclose land could be either through a formal or informal process. The process could normally be accomplished in three ways. First there was the creation of "closes", taken out of larger common fields by their owners. Secondly, there was enclosure by proprietors, owners who acted together, usually small farmers or squires, leading to the enclosure of whole parishes. Finally there were inclosure act, enclosures by acts of Parliament. The stated justification for enclosure was to improve the efficiency of agriculture. However, there were other motives too, one example being that the value of the land enclosed would be substantially increased. There were social consequences to the policy, with many protests at the removal of rights from the comm ...
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Labour Market
Labour or labor may refer to: * Childbirth, the delivery of a baby * Labour (human activity), or work ** Manual labour, physical work ** Wage labour, a socioeconomic relationship between a worker and an employer ** Organized labour and the labour movement, consisting principally of labour unions ** Labour Party or Labor Party, a name used by several political parties Literature * ''Labor'' (journal), an American quarterly on the history of the labor movement * '' Labour/Le Travail'', an academic journal focusing on the Canadian labour movement * ''Labor'' (Tolstoy book) or ''The Triumph of the Farmer or Industry and Parasitism'' (1888) Places * La Labor, Honduras * Labor, Koper, Slovenia Other uses * ''Labour'' (song), 2023 single by Paris Paloma * ''Labor'' (album), a 2013 album by MEN * Labor (area), a Spanish customary unit * "Labor", an episode of TV series '' Superstore'' * Labour (constituency), a functional constituency in Hong Kong elections * Labors, fictiona ...
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Excess Supply
In economics, an excess supply, economic surplus market surplus or briefly supply is a situation in which the quantity of a good or service supplied is more than the quantity demanded, and the price is above the equilibrium level determined by supply and demand. That is, the quantity of the product that producers wish to sell exceeds the quantity that potential buyers are willing to buy at the prevailing price. It is the opposite of an economic shortage ( excess demand). In cultural evolution, agricultural surplus in the Neolithic period is theorized to have produced a greater division of labor, resulting in social stratification and class. Prices Prices and the occurrence of excess supply illustrate a strong correlation. When the price of a good is set too high, the quantity of the product demanded will be diminished while the quantity supplied will be enhanced, so there is more quantity supplied than quantity demanded. The occurrence of excess supply either leads to the l ...
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Aristocracy
Aristocracy (; ) is a form of government that places power in the hands of a small, privileged ruling class, the aristocracy (class), aristocrats. Across Europe, the aristocracy exercised immense Economy, economic, Politics, political, and social influence. In Western Christian countries, the aristocracy was mostly equal with magnates, also known as the titled or higher nobility, however the members of the more numerous social class, the untitled lower nobility (petty nobility or gentry) were not part of the aristocracy. Classical aristocracy In ancient Greece, the Greeks conceived aristocracy as rule by the best-qualified citizens—and often contrasted it favorably with monarchy, rule by an individual. The term was first used by such ancient Greeks as Aristotle and Plato, who used it to describe a system where only the best of the citizens, chosen through a careful process of selection, would become rulers, and hereditary monarchy, hereditary rule would actually have been f ...
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