Political And Economic Systems Flashcards

1
Q

Free Interprise

A

econmic systems where you can buy,sell and trade without gov. controlling

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2
Q

Renewable resources

A

natural resources that are always avaliable

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3
Q

Government

A

organization that makes and enforces laws

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4
Q

Infrastructure

A

support society ex. transportation, communication, plumbing, electricity

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5
Q

Patrotism

A

love and pride of ones country

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6
Q

GDP

A

total value of goods and services produces in a country in 1 year

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7
Q

Soverign

A

group that has control within a territory

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8
Q

economic activites

A

the way ppl use resources and goods to make money

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9
Q

Constitunal monarchy

A

power limited by a palriment, king or queen

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10
Q

Democracy

A

ppl vote

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11
Q

republic

A

ppl elect a leader

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12
Q

autocracy

A

ruled by one

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13
Q

Oligarchy

A

ruled by a few people

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14
Q

Democracy

A

ruled by many

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15
Q

absolute monarchy

A

rules of total authority of gov. , unlimited, king and queen dont have to obey the laws

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15
Q

Dictatorhsip

A

ruled by 1 power is taken by force, military

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15
Q

Totalitarianism

A

total unchecked control of the nation, barely any freedom

16
Q

Theocracy

A

religious leaders

17
Q

Limited

A

rules they have to obey

18
Q

Unlimited

A

no limitation do anyting they want

18
Q

Indudustrilization

A

developing machine production of goods

19
Q

Legislative

A

makes laws declares war taxing

20
Q

Executative

A

enforce laws, foreign policy, armed forces,

21
Q

Judicial

A

review the laws, decide cases, invading states rights

22
Nationalism
they think their nation is the best than any other
23
Free enterprise economy
private individuals and groups decide what goods are produces, how many goods are made, and what they cost
23
Traditonal economy
makes crops for their family to survive (subsistence)
24
Mixed Economy
2 or more different characteristic from the previous economic types (equal)
24
Command Economy
controlled by the government
25
Primary
taking something from the earth Ex. Fishing, Mining
26
Secondary
Making somethin better that was taken from the earth
27
Teritary
services
28
Cottage
work from home small business
28
Quaterney
a lot of training and providing information to people
28
commerical
large scale profited farming
29
Manufacturing
making large scale production
30
Outsourcing
hiring people in other countries from companies to save money ex. hiring in India to pay workers less
31
Rural
away from cities Ex.farmes
32
Urban
cities Ex. NYC
33
Suburban
neighborhoods and homes Ex.Tomball