Need to Know! Flashcards
primary source
developed by people who experienced the events being studied (i.e., autobiographies, diaries, letters and government documents).
secondary source
developed by people who have researched events but did not experience them directly (i.e., articles, biographies, Internet resources and
nonfiction books).
limited government
the powers of government are specified and limited, usually by a written constitution, in order to protect individual rights.
union
an alliance of citizens, colonies, states or other entities for mutual interest or benefit.
popular sovereignty
government by consent of the governed who are the source of all authority in their government.
republican government
type of government in which power is exercised by representatives chosen by the people.
constitutional government
powers of government are distributed according to provisions of a constitution or supreme law, which effectively limits or restrains the exercise of power.
federalism
type of government in which power is divided between a federal or national government and the states, such as the states of the United States individual rights: personal, political and economic rights possessed equally by each person.
market economy
An economic system where decisions about what to produce, how to produce, and to whom to allocate goods and services are made primarily by individuals and businesses. In a market economy, prices are determined by the interaction of consumers and producers in markets.
trade barriers
policies that hinder trade such as tariffs, quotas or embargoes
capital resources
goods, such as tools, buildings and equipment, used in production
productivity
the amount of goods and services produced in a period of time divided by the productive resources used
supply
what producers are willing and able to sell at various prices.
demand
what consumers are willing and able to buy at various prices.
goods
tangible objects, such as food or toys, that can satisfy people’s wants.
