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Vocab 7th SS

Curriculum related vocabulary

TermDefinition
autocratic the ruler has absolute power to enforce any law he chooses
Communism An economic structure or government that promotes a classless society based on common ownership of products and property
Confederation government system_ The local government has all the power and the national government depends on the local for its existenc
Constitutional monarchy A government where the powers of the ruler are restricted to those granted by the constitution of the country
Democratic government (democracy) __ The people play a much greater role in deciding who the rulers are and what decisions are made
Federal government system A political system where power is shared between the federal and local governments, including executive, legislative, and judicial branches
Hereditary monarchy The government is ruled by a king who comes from a family that has ruled the country for several generations
Oligarchic government (oligarchy) Where a small group takes over the government and makes all major decisions; government by the few
Parliamentary democracy People vote for the party they feel best represents their ideas of how government should operate
Presidential democracy AKA Congressional; in this system, a president is chosen to be the leader
Republic A state in which the supreme power rests in the body of citizens entitled to vote
Theocracy A government where God is seen as the true leader and religious leaders serve as political leaders
Unitary government system Local governments such as state or county systems may have some power, but they are under the control of the national government
Ethnic group A group of people who share cultural ideas and beliefs that have been part of their community for generations
Literacy rate Percentage of people in a country who can read and write
Religious group A group of people who share a belief in God
Standard of living The quality of life in a country; involves health and education
Capital (goods) The factory, machinery, and technology that people use to make products to sell
Command economy An economy in which a government planning group makes most of the basic economic decisions for the workers
Currency Something used as a medium of exchange; money
Embargo A trade barrier in which one country announces it will no longer trade with another country in order to isolate and cause problems within that country’s economy
Entrepreneurship Creative, original thinkers who are willing to take risks to create new businesses and products
Gross Domestic Product (GDP) The value of all goods and services produced within a nation in a given year
Human capital The knowledge and skills that make it possible for workers to earn a living producing goods or services
Market economy An economy in which a society’s economic decisions are made by individuals who decide what to produce and what to buy
Mixed economy An economy that has characteristics of both market and command systems
Natural Resources Something that is in or supplied by our natural environment and can be consumed or used by people
Quota A way of limiting the amount of foreign goods that can come into a country
Specialization Those products a country makes best and that are in demand on the world market
Tariff A tax placed on goods when they are brought into one country from another country
Trade barriers Anything that slows down or prevents one country from exchanging goods with another
Traditional economy An economy in which most of the economic decisions that are made are based on custom and on the habit of how such decisions were made in the past
Independence The freedom from being controlled by another country
Nationalism Loyalty to a group with whom one shares a common history, culture, and/or religion
Created by: horton
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