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20 Cards in this Set
- Front
- Back
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Command
Economy |
an economic system in which the production of goods and services is decided by a central government (North Korea)
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Market
Economy |
an economic system in which the production of goods and services is decided by supply and demands of consumers
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GDP
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Gross Domestic Product- total value of all the goods and services produced in a country in a year
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Developing
Country |
Low GDP, few economic activities, people raise food or animals to survive, little technology (Ethiopia, Pakistan)
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constitution
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a set of laws that define and often limit a government's power
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direct
democracy |
early governments, all adults speak and vote on decisions
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Developed
Country |
High GDP, many economic activities, business, technology, food is grown on large farms, people work in offices (U.S., Japan)
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Traditional
Monarchy |
a system of complete control by a king or queen who inherits the throne by birth.
Saudi Arabia |
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Dictatorship
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a leader who has almost total power over an entire country, usually involves violence to keep power (Cuba, Libya, North Korea)
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Oligarchy
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a government controlled by a small group of people, based on wealth and privilge (China, Burma, Iran)
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Constitutional Monarchy
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a government in which the power of the king or queen is limited by the laws (United Kingdom, Netherlands, Kuwait)
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Representative
Democracy |
a government run by representatives that the people choose (United States, Canada, India)
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NATO
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North Atlantic Treaty Organization- agreement to defend any fellow member who is attacked. Safeguard freedom and security of members (protect democracy)
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United Nations
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resolve disputes and maintain international peace and security, develop friendly relations among nations, promote respect for human rights and freedoms
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UNICEF
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United Nations Children's Fund- promotes the rights and well-being of children. Education, emergencies, HIV/AIDS, immunizations, malnutrition
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NAFTA
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North American Free Trade Agreement- Agreement to make trade between North American Countries easier.
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EU
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European Union- agreement for making trade easier amoungst members. Developed a common currency.
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Mixed
Economy |
a combination of command and market economies that provides goods and services
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Citizen
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a person who owes loyalty to a country and receives its protection
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Communism
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Rule by Communist Party on behalf of the people, government owns all economic goods and services, citizens have little power to change government
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