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17 Cards in this Set

  • Front
  • Back

Poverty

Being poor

Prejudice

An unfair feeling of hatred or dislike for a group of people because of their background, race, or religion

Motto

A saying chosen to express the ideals of a nation

Population density

Tells how many people live in an area of a certain size

Patriotism

Love of your country

Monument

Something that is built to remind people of the past or a past event

Democracy

A form of government in which the people rule by making decisions themselves and electing leaders to make decisions for them

Majority rule

Decisions made by what or who has the most votes

Human resources

Workers

Capital resources

The money, buildings, machines and tools needed to run a business

Profit

The money the business earns after everything is paid for

Interest

The money a bank or borrower pays for the use of money

Wholesale trade

Made up of businesses that buy large amounts of goods from producers and then sale them to other businesses

Retail trade

Made up of businesses that buy goods and sell them directly to consumers

Global economy

The world market in which companies from different countries buy and sell goods and services

Trade-off

Giving up one thing to get another

Opportunity cost

What you give up in order to get something else