Concepts Of Human Rights And Economics

Front 1

Totalitarianism: A political system in which the government has total control over the lives of individual citizens.

Back 1

When the Nazis had control of all Germany.

Front 2

War: Is a state of armed conflict between societies. It is generally characterized by extreme collective aggression, destruction, and usually high mortality.

Back 2

World War I (1914 to 1918) and World War II (1939 to 1945).

Front 3

Holocaust: A methodical plan orchestrated by Hitler to ensure German supremacy. It called for the elimination of Jews, non-conformists, homosexuals, non-Aryans, and mentally and physically disabled.

Back 3

The Holocaust is an event.

Front 4

Genocide: Deliberate extermination of a racial or cultural group

Back 4

The Holocaust in Germany.

Front 5

Revolution: An overthrow and replacement of an established government or political system by the people governed.

Back 5

Mexican Revolution (1910)

Front 6

Dictatorship: A form of government in which the ruler is an absolute dictator (not restricted by a constitution or laws or opposition etc.)

Back 6

Alexander Lukashenko from Belarus (1994 to present)

Front 7

Communism: A theory or system of social organization based on the holding of all property in common, actual ownership being ascribed to the community as a whole or to the state.

Back 7

Yugoslavia (1945 to 1992) and was the Socialist Federal Republic of Yugoslavia

Front 8

Cold War: A conflict that was between the US and the Soviet Union. The nations never directly confronted each other on the battlefield but deadly threats went on for years.

Back 8

Vietnam

Front 9

Society: A community of people who share a common culture.

Back 9

Global Partner Program made by ISES

Front 10

Civil society: A complex network of voluntary associations, economic groups, religious organizations, and many other kinds of groups that exist independently from the government

Back 10

Charity events

Front 11

Supply: Schedule of quantities offered for sale at all posible prices in a market.

Back 11

Corn crops are very plentiful over the course of the year and there is more corn than people would normally buy. To get rid of the excess supply, farmers need to lower the price of corn and thus the price is driven down for everyone.

Front 12

Demand: Combination of desire, ability, and willingness to buy a product.

Back 12

A popular artist dies and, thus, he obviously will be producing no more art. Demand for his art increases substantially as people want to purchase the few pieces that exist.

Front 13

Break even point: Production needed if the firm is to recover its costs; production level where total cost equals total revenue.

Back 13

When you are making more money than you are using in a product.

Front 14

Factors of production: Productive resources that make up the four categories of land, capital, labor, and entrepreneurship.

Back 14

Land, Labour, Capital and Entrepreneur

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Economic cycle: The natural fluctuation of the economy between periods of expansion (growth) and contraction (recession).

Back 15

By studying the historical patterns of economic expansion and contraction, it may be possible to understand and forecast future economic trends.

Front 16

Welfare State: Program whereby a government or private agency programs that provide general economic and social assistance to needy individuals.

Back 16

Iceland, Sweden, Norway, Denmark, and Finland

Front 17

Neoliberalism: An approach to economics and social studies in which control of economic factors is shifted from the public sector to the private sector. Drawing upon principles of neoclassical economics, neoliberalism suggests that governments reduce deficit spending, limit subsidies, reform tax law to broaden the tax base, remove fixed exchange rates, open up markets to trade by limiting protectionism, privatize state-run businesses, allow private property and back deregulation.

Back 17

South Africa, Russia, Argentina, and the United Kingdom

Front 18

Globalization: The tendency of investment funds and businesses beyond domestic and national markets to other markets around the globe, thereby increasing the interconnectedness of different markets. Globalization has had the effect of markedly increasing not only international trade, but also cultural exchange.

Back 18

The FIFA World Cup has more viewers than any other sporting event from around the world.

Front 19

Regionalism: Institutional arrangements designed to facilitate the free flow of goods and services and to coordinate foreign economic policies between countries in the same geographic region.

Back 19

Idioms

Front 20

Trade embargo: Prohibition on the export or import of a product.

Back 20

Between the U.S. and Cuba, which has not received most American goods for 50 years.

Front 21

Economic integration: An economic arrangement between different regions marked by the reduction or elimination of trade barriers and the coordination of monetary and fiscal policies. The aim of economic integration is to reduce costs for both consumers and producers, as well as to increase trade between the countries taking part in the agreement.

Back 21

Preferential Trade Area, Free Trade Area, Customs Union, Common Market, Economic Union and Monetary Union

Front 22

Free Trade Agreement: Treaty (such as FTAA or NAFTA) between two or more countries to establish a free trade area where commerce in goods and services can be conducted across their common borders, without tariffs or hindrances but (in contrast to a common market) capital or labor may not move freely.

Back 22

FTAA, NAFTA

Front 23

Quota: Limit on the amount of a good that can be allowed into a country.

Back 23

Governments set the quota limiting the import of a particular product, restricting the access to the domestic market by an offshore producer, and giving the domestic producers the opportunity to improve their position in the market.

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Tariff: Tax placed on an imported product

Back 24

TAXES

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Inflation rate: Is the rate at which the general level of prices for services is rising and, consequently, the purchasing power of currency is falling.

Back 25

Mexico has 2.13% of inflation.

Front 26

GDP: It is the monetary value of all the finished goods and services produced within a country's borders in a specific time period.

Back 26

GDP = Consumption + Government Expenditures + Investment + Exports - Imports

Front 27

Overproduction: Excess of supply over demand of products being offered to the market.

Back 27

You produce a lot of a product and it generates bad quality of the product and a lot of waste