| Term | Definition |
|---|
| certain sectors of the economy are left to private ownership and free market mechanisms, while other sectors have significant government ownership and government planning | mixed economy |
| form of government in which political power belongs largely to one ruler, generally called a king or queen, who receives his or her position by claim or inherited right | absolute monarchy |
| an economic system in which decisions are all made on the basis of customs, beliefs, religion, habit, etc. | traditional economy |
| An economy based on the private ownership of business and allows market factors such as supply and demand to determine business strategy | market economy |
| government in which the country is effectively managed or governed by an organized church or religion | theocracy |
| a government headed by an authoritarian or totalitarian government that has usually taken power by force | dictatorship |
| a form of government in which power is held by the people and in which the citizens select others to act on their behalf | presidential democracy |
| a system of government where the people exercise their political powers by electing representatives and then the representatives choose a legislature from among themselves | parliamentary democracy |
| an economy in which decisions about production and allocation are made by the government | command economy |
| An invisible Wall that divded the capitalist west from the communist east. | iron curtain |
| if one country falls to communism, others will follow. | domino theory |
| countries controlled politically and economically by the Soviet Union | satellite nations |
| a competition between two or more countries for military supremacy | arms race |
| an indirect conflict that existed between the U.S. and the Soviet Union from 1945 to the 1980 | cold war |
| the U.S. cold war policy of preventing communism from expanding past the borders set after World War II. | containment |
| alliance of 12 nations that stated an attack against one would be viewed as an attack agains all | NATO |
| Nations that are not allied with either side | nonaligned |
| Dependence of countries on goods, resources, and knowledge from other parts of the world | interdependence |
| type of government systems where all wealth and property would be controlled by the community as a whole | communism |
| nations strong enough to influence the acts and policies of other nations | superpowers |
| the communist countries of Eastern Europe and the Soviet Union formed this organization in response to the North Atlantic Treaty Organization | Warsaw Pact |
Combine with other sets
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