Gov And Economics Vocab Flashcards
What is a United Nation?
An international organization who’s aim is international law, international security, economic development, and human rights.
What is a European Union?
European countries combine to form a union to compete with other unions.
What is a traditional economy?
Trading without money included.
What is a command economy?
Government makes the people make product.
What is a market economy?
When the community makes the business make product.
What is a mixed economy?
Both the government and community make the business make the product.
What are primary activities?
Making raw materials for us to use. Timber, substances, and farming.
What are secondary activities.
Industries that make things. Cars, cottage, etc.
What are tertiary activities?
Business we go to on a daily to buy things from. Restaurants, professional services, etc.
What are quaternary activities?
Provide info, management, education, gov, and research.
What are gross domestic product?
The total value of goods and services produced in a year.
What is a per capita?
Divided by the total population.
What is human development index?
Measures poverty, literacy, education, life-expectancy, and other factors.
