7th grade Middle East Government and Economics
Terms in this set (45)
In this form of government, there is a ruler with unlimited power, and the people have no voice in the government.
In this form of government, the government is controlled by a small group of people who rule on behalf of their own interests.
In this form of government, citizens can serve in the government and elect representatives to serve on their behalf.
This system of government is where all power flows from a strong, central government to regional or local governments.
This system of government is where almost all power flows from state and local governments to the national (central) government.
This system of government involves power flowing in both directions between central and regional government.
This type of government is controlled by religious leaders.
In this type of government, the leader inherits his/her position and has compete control of the government.
In this type of government, the leader inherits his/her position, But her or she serves primarily as a figurehead and has little political power.
A system in which decisions about production and consumption are made by the government.
A system in which decisions about production and consumption are determined by supply and demand.
A system that has command, market and/or traditional elements.
An organized way in which a state or nation distributes its resources, goods and services in the national community.
Standards of Living
Refers to the level of wealth, comfort, material goods and necessities available to citizen in geographic area.
Use of money today in hopes of greater return (more money) in the future.
based on agriculture (farming) and barter (trade)
Gross Domestic Product- the total market value of all final goods and services produced annually in an economy.
A ban on trade
A tax on imported goods.
A limit placed on the quantities of a product that can be imported.
Factors of Production
Land, Labor, Capital, Entrepreneurship
Any law or practice that a government uses to limit free trade between countries.
A good or service produced in the home country and sold in another country.
A person who decides how to combine resources to create goods and services.
A good or service brought in from another country for sale.
Exchange of goods and services.
Percentage (%) of people who can read and write.
Countries with Traditional Economy
Africa, Asia, Latin America and the Middle East
Countries with Command Economy
Cuba, North Korea, China, Russia, Iran
Countries with Market Economy
Mexico, Germany, Canada, United States, and United Kingdom
Countries with Mixed/Modern Economy -- (Both Market and Command)
Sweden, Iceland, France, Norway (and United States, and United Kingdom too)
Iran Type of Government?
Iran Name and Title of Leader?
Supreme Leader, Ali Khamenei
Israel Type of Government?
Israel Name and Title of Leader?
Prime Minister, Benjamin "Bibi" Netanyahu
Saudi Arabia Type of Government?
Saudi Arabia Name and Title of Leader?
King, Prime Minster, Salman
Pure Command <--------------------------------> Pure Market
Saudi Arabia, Turkey, Israel (in this order)
What are Turkey's main 2 agricultural exports?
Tree Nuts, Flour
What is Saudi Arabia's most important economic asset?
What does OPEC stand for?
Organization of Petroleum Exporting Countries
What is one of Israel's primary industries?
What does it mean to "diversify" a country's economy and what is the purpose?
When a country relies only on one industry, it can find it hard to keep their economy strong because it relies too much on one thing. By adding different industries or exports, the country can have more opportunities to make money for the country. This helps to make the county strong and grow.
Why is diversification so important to many counties in the Middle East in particular?
Because they rely heavily on oil, the Middle East countries should diversify so they can have others ways to keep their countries economy strong. This also helps the country with their standards of living. They rely a lot on export of products to other countries and as other countries find ways to not need their products, it will hurt their economy.
What specific steps could a country take to diversify its economy?
Some steps that would be helpful is for the country to invest in education so that their people can learn more and become strong in industry development. They could also invite companies from other countries to come to their country and create jobs and products. They could also develop new technology that can be used around the world and bring in strong revenue too.
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