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6th Grade
Unit 6 vocabulary
| Term | Definition |
|---|---|
| Dominion | self governing nation that accepts the british monarch as head of state |
| Common Wealth | partly self governing group of sovereign states |
| Federal Government | Government with power divided among local, regional and national governments |
| Parliamentary Democracy | Government run by officials elected to a law making body called the parliament |
| Constitutional Democracy | Government where king or queen is head of state and is restricted by laws but is run by elected officials. |
| Market Economy | Individuals own resources and decides what and how to produce prices and wages are determined by supply and demand. |
| Transitional Economy | Customers and transitions decide every economic decision. Resources are shared and bartering is used. |
| Command Economy | Government owns resources and controls production, prices and wages |
| Tariff | A list of taxes placed by a government on imported goods. |
| Quota | Number limit of how many of a particular product can be imported from another country. |
| Embargo | Order that restricts or prohibits trade with another country. |
| Trade barriers | A governments attempt to manage trade to benefit their economy. |
| NAFTA | an arrangement between Mexico, US and Canada to eliminate all trade barriers between them |
| Standard of Living | A level of material comfort in terms of goods and services available to someone or some group. |
| Literacy Rate | percentage of people above the age of 15 who can read or write. |
| GDP | An economic measure used to determine a countries economic output during a fiscal year. |
| Acid Rain | Rain contains high amounts of chemical pollutions. |
| Mineral | A naturally occurring substance that is solid, organic and contains elements. |
| Natural Resources | product of the Earth that people use to meet their needs. |
| Colonization | The act or process of establishing a group of colonies. |
| Deforestation | widespread cutting of forest |
| Inuit | Indigenous people of Canada who live in a nunavut territory |
| Bilingual | referring to a country that has two official languages. |
| Mixed Economy | economy where individuals own most of the resources and controls production with government regulation of certain industries. |
Created by:
gjenkins2
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