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17 Cards in this Set

  • Front
  • Back
culture
the set of beliefs, behaviors, and traits shared by a group of people
ethnic group
a group of people with a common racial, national, tribal, religious, or cultural background
dialect
a regional variety of a language with unique features, such as vocabulary, grammar, or pronunciation
cultural region
a geographic area in which people have certain traits in common
globalization
the process by which nations, cultures, and economies become mixed

renewable resources

resources that can be totally replaced or are always available naturally

nonrenewable resources

the resources that cannot be totally replaced

economic system

how a society decides on the ownership and distribution of its economic resources

command economy

an economy in which the means of prodction are publicaly owned

mixed economy

an economy in which parts of the economy are privately owned and parts are owned by the government

gross domestic product (GDP)

the total dollar value of all final goods and services produced in a country during a single year

standard of living

the level at which a person, a group, or a nation lives as measured by the extent to which it meets its needs

productivity

the measurement of what is produced and what is required to produce it

export

to send a product produced in one country to another country

import

when a country brings in a product from another country

free trade

arrangement whereby a group of countries decides to set little or no tariffs on quotas

sustainability

the economic principle by which a country works to create conditions where all the natural resources for meeting the needs of society are available