Upgrade to remove ads
Government and Economy
Terms in this set (14)
It is a system of people and rules for managing a community or country. They coordinate things like public works, defense, laws, and taxation. They can be described as being limited or unlimited.
it is where everyone in a society, including the government, must follow the laws of the country. EX. The United States of America
it is where some people, mainly members of the government, do not have to follow laws.
EX. Dictator countrys
Hammurabi and his code
He was a Babylonian ruler who created rules to prevent evil. His code was to destroy all evil. He tried to prevent bad people and things. He was important to the Fertile Crescent because many later systems of laws were based on his code.
the way that a culture chooses to use their resources to meet their wants and needs. This can include the jobs people have to gain resources, and the materials used as money by people.
a physical object that is made.
actions that people do.
goods entering a country
goods leaving a country
the amount of a good or service available to buy
the level of desire for a good or service for possible buyers
supply, demand, and price
if the supply is high and the demand is low, the price goes down. if the demand is high and the supply is low, the price goes up.
trading goods for goods
3 things that the Fertile Crescent rivers were used for
drinking water, transportation, irrigation
YOU MIGHT ALSO LIKE...
WC Unit 1 - Test 3 2018
CWODZINSKI Economic Systems
Economics terms 2017
General Economics Vocabulary
OTHER SETS BY THIS CREATOR
SS - government