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16 Cards in this Set

  • Front
  • Back
Unitary system
a government in which all key powers are given to the nation or central government
Federal system
-form of government in which powers are divided between the national government and the state or provincial government
Autocracy
government in which in which one person rules with unlimited power and authority
Monarchy
a form of autocracy with a heredity king or queen exercising supreme power
Oligarchy
a system of government in which a small group of people holds power
Democracy
any system in which leaders rule with the consent of citizen
Traditional Economy
a system in which a tradition and custom control all economic activity; exist in only a few parts of the world today
Market Economy
an economic system on free enterprise on which businesses are privately owned and production and prices are prices are determined by supply and demand
Mixed Economy
a system of resource management in which the government supports and regulates enterprise through decision that affects the market place
Command Economy
system of resource management in which decisions about production and production distribution of goods and services are made by a central authority
Natural Resources
substance from the earth that is not made by people but can be used by them
Industrialization
transition from an agricultural society to one based industry
Developed Countries
country that has a great deal of technology and manufacturing
Culture
way of life of a group of people who share beliefs and similar customs
Ethnicity
A persons history, language and race
Demographics
statistics about a certain group of people