Normal Size Small Size show me how
SHMS 7th SS Vocab 2
SHMS 7th Grade Social Studies Vocab 2
|economic systems where the government decides the answers to the basic economic questions.
|an economic system based on private ownership where individual consumers and producers answer the basic economic questions.
|description of economies that have some combination of a pure command economy and a pure market economy.
|An economy where economic decisions are made on the basis of customs, beliefs, religions, and habits.
|Tax on imports
|Limit on imports
|Halt or stop to trade
|the process of concentrating on and becoming expert in a particular subject or skill.
|An individual setting up a business and taking on financial risks in the hope of profit.
|The percentage of adults age 15 and above that can read and write.
|1 person possesses unlimited power & citizens have limited role in government
|supreme power is vested in the people & exercised by them directly or indirectly through a system of representation involving free elections
|citizens elect members of Parliament, and then the members select the leader and Leader works with or through the legislature
|system of government in which the leader is constitutionally independent of the legislature; citizens directly elect leader & Leader works separate from legislature
|Form of government in which the leader inherits the position (Such as King or Queen)
|form of government where citizens choose the leader through elections instead of inheriting the position by birth
|a form of government where religion dictates the laws and chooses a religious leader for the country (Sharia law, for example)
|A government in which one person has uncontrolled or unlimited authority over others
|A system of government in which the state plans and controls the economy and a single, often authoritarian party holds power claiming to make progress