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Chapter 2 Social Studies > Chapter 2 > Flashcards

Chapter 2 Flashcards

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1
Q

Economy

A

a system in which people produce, buy, and sell things.

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2
Q

What is a Primary Sector

A

taking raw materials from the soil or water

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3
Q

Examples of Primary Sector

A 
Mining 
Fishing
Farming 
Forestry
Hunting
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4
Q

What is a Secondary Sector

A

using raw materials to manufacture products

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5
Q

Examples of Secandary Sector

A

Cars Manufacturer
Fur Coats
Sushi
Manufacture/ baking/cooking of food products

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6
Q

What is a Tertiary Sector

A

includes services

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7
Q

Examples of Tertiary Sector

A 
Hair salons
Airplanes/flights
Taxi
Health Care
Banking
Accountant
Education
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8
Q

What are to four factors of production?

A

Land, Labor, Capital, and Entreponuiship

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9
Q

What is Land

A

Includes all the natural resources needed to produce goods & services ( apple tree )

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10
Q

What is Labor

A

The size & education level of the workforce

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11
Q

What is Capitol

A

A country’s wealth (money) & infrastructure (buildings, roads, power grids)

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12
Q

What is Entrepenseurship

A

Someone who has the creativity and takes the risk to develop new businesses & services

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13
Q

What are four Economic Systems?

A

Tradition, Free Enterprise, Mixed, and Command

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14
Q

What is a Traditional System

A

People trade goods and services without money

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15
Q

What is a Free enterprise System

A

Privately owned businesses create goods that people buy in markets. This is also called a market economy or capitalism

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16
Q

What is a Command System

A

The Government owns most parts of the economy and decides what will be produced & sold

17
Q

What is a Mixed System

A

This has elements of free enterprise and command economy.

18
Q

What does GDP stand for

A

Gross Domestic Product

19
Q

What does GDP mean

A

It is the total value of the goods & services that a country produces.

20
Q

What are the five types of Government?

A

Democracy, Monarchy, Dictatorship, Oligarchy, and Communism

21
Q

What is Democracy?

A

Citizens elect representatives to govern them

22
Q

Do the places that are Democracy Government, do they have rights

A

Citizens have many rights guaranteed by the Constitution

Bill of Rights

23
Q

What are some examples of Places around the world that have a Democracy as a system of Government?

A

USA
New Zealand
Norway

24
Q

What is Monarchy

A

A king/ queen or emperor rules society.

25
Q

What are to two type of Monarchy called?

A

Absolute Monarchy

Constitutional Monarchy

26
Q

Do the places that are Monarcy Government, do they have rights ( for both Absolute and Constitutional )

A

Absolute Monarchy
Citizens have few or no rights

Constitutional Monarchy
Citizens have many rights guaranteed by the constitution.

27
Q

What are some examples of Places around the world that are Absolute and Constitutional Monarchy.

A

Absolute Monarchy
Saudi Arabia
Omen
Swaziland

Constitutional Monarchy 
United Kingdom
Belgium
Sweden
Japan
28
Q

What is Dictatorship?

A

One person

( dictator ) rises to power and rules society

29
Q

Does the type of Government ( Dictatorship ) have rights or no rights.

A

Citizens have few or no rights

30
Q

What are some examples of places around the world that are Dictatorship?

A

North Korea
Iran
Chad

31
Q

What is Oligarchy

A

A group of a few people rules society

32
Q

Do Oligarchy places have rights or no rights?

A

Citizens have few or no rights

33
Q

What are some examples of places around the world that are Oligarchy?

A

Myanmar
( Burma )
Iran
Turkey

34
Q

What is Communisum?

A

A type of command economy in which the government is controlled by the Communist party.

35
Q

Do places that are a Communisum place have rights or no rights?

A

Citizens have few or no rights

36
Q

What are some examples of places around the world that are Communisum?

A

Cuba
Laos
Vietnam

Chapter 2 Social Studies (1 decks)

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