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Themes/Gov't/Econ
| Term | Definition |
|---|---|
| location | where something/somewhere is |
| place | what a location is like - human and physical characteristics |
| movement | how people, products, and ideas get around |
| human-environment interaction | how the land influences what people do and how people influence the land |
| region | grouping similar, nearby places together |
| democracy | a type of government when people get to vote and run for office |
| autocracy | a government with one person with absolute power |
| oligarchy | a government with a small group in charge of everything |
| monarchy | a type of autocracy where power is passed down in families |
| dictatorship | a type of autocracy where power is taken and kept by force |
| presidential democracy | a government where people vote for the leader and lawmakers separately |
| parliamentary democracy | a government where people vote for the lawmakers, who then choose the leader |
| federal system | a type of government where power is spread over multiple levels, like national, state, and local |
| unitary system | a type of government with just one level of government, usually national |
| confederacy | a type of government where multiple countries work together to form laws that all must follow |
| traditional economy | a when the economic decisions are based on how ancestors have done it in the past |
| market economy | when the economic decisions are decided by private people and businesses |
| command economy | when the economic decisions are made completely by the government |
| mixed economy | when some economic decisions are made by the people and some by the government |
| tariff | a tax put on foreign goods |
| quota | a limit placed on how many foreign goods can be brought in |
| embargo | completely cutting off trade with a foreign country |
| natural resources | things found in or on the earth that can be used for other purposes |
| human capital | the skills, training, and knowledge employees need |
| capital goods | the products needed to make other products |
| entrepreneurship | taking a risk and making an investment to start a new business or create a new product |
Created by:
collinsmancy