Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
16 Cards in this Set
- Front
- Back
|
Market System
|
A system in which these questions primarily are answered by individuals and businesses.
|
|
|
Command System
|
A system in which those decisions are generally made by the government.
|
|
|
Market Socialism *Democratic socialism*
|
is identified by government control of major industries, with some decisions made by individuals.
|
|
|
Mercantilism
|
defined a nation's power in terms of its supply of gold and silver.
|
|
|
Indicative Planning
|
providing economic information and setting goals that are not mandatory
|
|
|
Nationalization
|
a policy in which the government purchases and takes over the operation of a private firm.
|
|
|
Bourgeoisie
|
rise in middle class powers in the late 1700's.
|
|
|
Proletariat
|
The working class provided the labor needed for the production process in return for the very low wages.
|
|
|
Collectivization
|
which the state took control of land to form large state-run farms.
|
|
|
Perestroika
|
was an effort to move the economy toward market socialism
|
|
|
Great Leap Forward
|
1953 chinese communists push for greater economic growth.
|
|
|
Peoples's Communes
|
Groups of collective farms
|
|
|
Cultural Revolution
|
1966 thru 1967 china's set back into chaos.
|
|
|
Four Modernizations
|
targeted modernization in agriculture, industry, science and technology, and defense.
|
|
|
Household Responsibility System
|
permits peasants to lease state-owned land and to pay their rent by delivering a portion of their crop to the government.
|
|
|
Tiananmen Square Massacre
|
killings of unarmed proteesters by force.
|
