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Terms in this set (42)
any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods
a theory advocating elimination of private property. system in which goods are owned in common and are available as needed
an economic system characterized by private or corporate ownership of capital goods. by investments that are determined mainly by competition in a free market.
Economic system in which the means of production is the result of ritual, habit, or custom.
Cash Crop Economy
economy based on the raising and selling of one crop or a small number of crops
an economy in which production, investment, prices, and incomes are determined centrally by a government.
an economic system combining private and public enterprise.
economic system in which the means of production is owned and operated for profit.
per capita income
The total national income divided by the number of people in the nation
One-person rule. Ruler has total control. Absolute monarchs are also dictatorships.
A government ruled by a few powerful people
A government controlled by its citizens
Government in which all citizens have direct rule making power
A system of government in which citizens elect representatives, or leaders, to make decisions about the laws for all the people.
A form of government in which the people select representatives to govern them and make laws.
Form of government in which priests or religious leaders serve as kings.
absence of government
government control over every aspect of public and private life.
A system of government in which the head of state is a hereditary position and the king or queen has almost complete power
Government with legislative (elected) branches and a ceremonial figure head.
An international cooperation primarily concerned with regulating crude oil prices of its member states.
An agreement between over a hundred countries of the world that aims to liberalize trade through multilateral agreements.
Free trad zone agreement between the United States, Canada, and Mexico
An agreement among several European countries to integrate the economies of member states and promote cooperation and coordination of policies.
International forum for the governments and central bank governors from 20 major economies
World Health Organization (WHO)
A specialized agency of the United Nations that is concerned with international public health.
International Monetary Fund (IMF)
an international organization that acts as a lender of last resort, providing loans to troubled nations, and also works to promote trade through financial cooperation
An international peace keeping organization
The monetary value of all the finished goods and services produced within a country's borders.
Relating to or concerned with a city or densely populated area
living in or characteristic of farming or country life
Interdependence is a dynamic of being mutually and physically responsible to and sharing a common set of principles with something else
Farming that provides for the basic needs of the farmer without surpluses for marketing
It is the expected number of years of life remaining at a given age
Adult literacy rate
Percentage of persons aged 15 and over who can read and write
Government that undertakes responsibility for the welfare of its citizens through programs in public health and public housing and pensions.
Any natural resource (as wood or solar energy) that can be replenished naturally with the passage of time.
Are annual heavy rains. They can determine the type of agriculture that a country can have.
Halting of trade altogether with another country
A system of social stratification and social restriction
An islamic state that has become the most powerful and effective extremist jihad group in the world
A radical Sunni Muslim organization dedicated to the elimination of a Western presence in Arab countries founded by Osama bin Landen.
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