Unit One Economy And Government

Front 1

Economy

Back 1

the system by which business owners in region use producers recourses to provide goods and services to satisfy peoples wants and needs

Hint 1

money

Front 2

Command Economy

Back 2

government decides what to produce how to produce and for whome to produce

Hint 2

North Korea

Front 3

Traditional Economy

Back 3

social roles and culture determines how goods and services are produced what prices and income are and which customers are allowed to buy curtain goods

Front 4

market economy

Back 4

people decide what how and whom to produce to

Front 5

Mix market

Back 5

a combination of the 3 main markets

Front 6

continuum

Back 6

a range of things that are lightly different from each other and that exist between two different possibilitys

Hint 6

continue

Front 7

Quota

Back 7

set a number of a particular item that is allowed to be imported or exported

Front 8

Quota

Back 8

set a number of a particular item that is allowed to be imported or exported

Front 9

Tariff

Back 9

A fee imposed (forced upon) by government, on imported or exported goods

Front 10

Quota

Back 10

set a number of a particular item that is allowed to be imported or exported

Front 11

Tariff

Back 11

A fee imposed (forced upon) by government, on imported or exported goods

Front 12

Embargo

Back 12

The government doesn't allow trade with a particular country because of particular differences

Front 13

Quota

Back 13

set a number of a particular item that is allowed to be imported or exported

Front 14

Tariff

Back 14

A fee imposed (forced upon) by government, on imported or exported goods

Front 15

Embargo

Back 15

The government doesn't allow trade with a particular country because of particular differences

Front 16

Capital resources (Physical Capital)

Back 16

Machines, Factories, and supplies that are needed for production

Front 17

Quota

Back 17

set a number of a particular item that is allowed to be imported or exported

Front 18

Tariff

Back 18

A fee imposed (forced upon) by government, on imported or exported goods

Front 19

Embargo

Back 19

The government doesn't allow trade with a particular country because of particular differences

Front 20

Capital resources (Physical Capital)

Back 20

Machines, Factories, and supplies that are needed for production

Front 21

GPD (gross domestic product)

Back 21

The total value of goods and services that a country produces each year

Front 22

Entrepreneurs

Back 22

The people who bring natural resources, labor resources, and capital resources together to provide goods and services

Front 23

Entrepreneurs

Back 23

The people who bring natural resources, labor resources, and capital resources together to provide goods and services

Front 24

Human capital

Back 24

Workers with greater knowledge and skills are more productive

Front 25

Entrepreneurs

Back 25

The people who bring natural resources, labor resources, and capital resources together to provide goods and services

Front 26

Human capital

Back 26

Workers with greater knowledge and skills are more productive

Front 27

Natural resources

Back 27

Raw materials are used to make goods

Hint 27

oil gold

Front 28

Entrepreneurs

Back 28

The people who bring natural resources, labor resources, and capital resources together to provide goods and services

Front 29

Human capital

Back 29

Workers with greater knowledge and skills are more productive

Front 30

Natural resources

Back 30

Raw materials are used to make goods

Hint 30

oil gold

Front 31

specialization

Back 31

This allows countries to produce goods or services more efficiently which can increase trade between nations

Front 32

Entrepreneurs

Back 32

The people who bring natural resources, labor resources, and capital resources together to provide goods and services

Front 33

Human capital

Back 33

Workers with greater knowledge and skills are more productive

Front 34

Natural resources

Back 34

Raw materials are used to make goods

Hint 34

oil gold

Front 35

specialization

Back 35

This allows countries to produce goods or services more efficiently which can increase trade between nations

Front 36

Literacy rate

Back 36

The number of people in a area that can read and write

Front 37

currency exchange

Back 37

exchange rates provide produce r for determine the value of ones currency in terms of another currency

Front 38

oligarchy

Back 38

a small elite group of people hold all political political power

Front 39

democracy

Back 39

the people & government hold political power to exercise the right to vote

Front 40

president

Back 40

head of state & head of govrnment

Front 41

parlimentary

Back 41

head of state & head of government pf two separate offices

Front 42

prime minister

Back 42

head of government in a parliamentary democracy

Front 43

international trade

Back 43

without a system for exchange it would be very difficult to conduct internatonal trade

Front 44

trade barriers

Back 44

quota embargo tariff

Front 45

investment

Back 45

putting your time into something

Front 46

distrobution

Back 46

pass out something

Front 47

standard of living

Back 47

is a level of material comfort as measured by good, services, & luxuries available to a individual group or nation

Front 48

unitary

Back 48

a system of government where one central government controls war of states or regional power is not shared

Front 49

federal

Back 49

a system of government where power is shared between a powerful central government and state

Front 50

confederation

Back 50

a system of government where a loose organization of state follow a weak central government

Front 51

Autocracy

Back 51

a single self appointed ruler holds all political power