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10 Cards in this Set
- Front
- Back
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Capitalism |
Is all about the accumulation if capital ( money ) or personal wealth, more money, more ownership, more power |
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What makes a country a capitalist country? |
-Capitalism has no color and welcomes anyone willing to work hard to market a product can do it in a capitalist country -Market and market transactions are principal drivers of economic activity in a capitalist country -people are given freedom to operate their business as they want and manage their income in a capitalist country |
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2 major systems of handling economic relations in the world ? |
Capitalism and Socialism |
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Socialism |
It's about ensuring a fair balance for all instead of huge gap between rich and poor like in America ( capitalist country ) ...socialist communities want everyone to be able to eat not just wealthy, labor products like food, goods and property is divided equally |
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Socialist "Barter"... what does barter mean? |
Trading goods or services without the exchange of money |
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What is Super Tuesday when it comes to the presidential election? |
The first Tuesday in February or March when several states hold primaries and caucuses at once to determine presidential candidates |
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What are primaries and caucuses? |
Primaries and caucuses are basically elections and meetings held in states to determine which candidate they would like to run for United States election against other states candidates in national election |
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He was very politically active in college, joining the Socialist Party of America, The Young People’s Socialist League, the Congress of Racial Equality and The Student Nonviolent Coordinating Committee. While in college, he participated in the March on Washington led by Dr. Martin Luther King Jr. |
Bernie Sanders |
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GDP ( gross domestic product ) |
Amount ( in dollars ) the country can produce in one year |
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First degree murder |
In most states, first-degree murder is defined as an unlawful killing that is both willful and premeditated, meaning that it was committed after planning or "lying in wait" |
