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Middle East Unit 2

TermDefinition
unitary a system of government where the central government has all the power
confederation a system of government where the power is shared between local and federal governments but the local government is stronger
federal a federal government where power is shared between local and federal governments
theocracy a type of government where laws and leaders are guided by religon
oligarchy a type of government that is ruled by a small group of people
democracy a system of government where people have power, citizens can vote
autocracy a system of government where one person rules and has total power
parliamentary democracy a structure where power is held by an elected parliament representing the people
presidental democracy a president is elected to make informed descions
republic a structure of government
absolute monarchy a structure of government where a monarch has total or all the power
constitutional monarchy a king or queen(monarch)shares power with a government formed by a constitution
knnesset legislature for Jews
prime minister the head of an elected government; the principal minister of a sovereign or state
islamic republic the name given to several states in countries ruled by Islamic laws
council of experts charged with electing and removing the Supreme Leader of Iran and supervising his activities
ayatollah a Shiite(of or relating to Shia) religious leader in Iran
supreme leader the highest-ranking spiritual leader in Iran
sharia (Islam) the body of canonical law based on the Koran that lays down certain duties and penalties for Muslims
traditional economny an economic system based on ancestors the past or history
market economny an economic system where decisions are based on supply and demand
command economny an economic system where the government controls everything
mixed economny an economic system combining private and public enterprise
human capital the skills, knowledge, and experience possessed by an individual or population
capital goods goods that are used in producing other goods, rather than being bought by consumers
barter exchange (goods or services) for other goods or services without using money
wealth an abundance of valuable possessions or money
literacy rate the percentage of people who are able to read and write
natural trade barrier Barriers that actually or phisically stop a trade as a barrier
political trade barrier Barriers that are set up in a constitutional maner setting up barriers
quota a limited or fixed number or amount of people or things, in particular
tariff a tax or duty to be paid on a particular class of imports or exports
embargo an official ban on trade or other commercial activity with a particular country
sanction a threatened penalty for disobeying a law or rule
political trade barrier Barriers that are set up in a constitutional maner setting up barriers
natural trade barrier Barriers that actually or phisically stop a trade as a barrier
quota a limited or fixed number or amount of people or things, in particular
tariff a tax or duty to be paid on a particular class of imports or exports
embargo a complete ban on trading
sanction a threatened penalty for disobeying a law or rule
exchange rate the value of one currency for the purpose of conversion to another
currency a system of money in general use in a particular country
scarcity not enough of something
abundance a lot of someting
entrepreneur a person who starts a business and takes on a lot of risks
infrastructure the basic, underlying framework or features of a system or organization
continuum a continuous sequence in which adjacent elements are not perceptibly different
investment the action or process of investing money for profit or material result
specialization the act of specializing, or pursuing a particular line of study or work
per capita for each person; in relation to people taken individually
gross domestic product the total value of goods produced and services provided in a country during one year
standard of living the degree of wealth and material comfort available to a person or community
abundance a lot of something
entrepreneur a person who operates a business,taking on greater than normal financial risks in order to do so
infrastructure the basic physical and organizational structures and facilities needed for the operation of a society
Created by: kendellchristine
 

 



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