Vocab Cards Flashcards
United Nations
An international organization whose am is cooperation in intemation law and etc.
European Union
A political and economic union of many European countries.
Traditional Economy
Goods are traded without exchanging money
Command Economy
Communism. Production is determined by a central gov.
Market Economy
Free enterprise. Production is determined by the demand from consumers.
Mixed Exonomy
Socialism. Mix of command and market economies.
Primary
Raw materials.
Secondary
Materials by changing their form.
Teritary
Business or professional services.
Quaternary
Provide info, management, education, gov, research
Gross Domestic Product
The total value of goods and services produced in a country in a year.
Per Capita GDP
GDP divided by the total population
HDI
Measures poverty, literacy, education, life-expectancy, and other factors.
Literacy
The ability to read and write
Life Expectancy
Average expected length of life.
