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Middle East Unit 2
| Term | Definition |
|---|---|
| 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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