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Unit 6 Vocabulary
Canada
| Term | Definition |
|---|---|
| Dominion | Self-governing nation that accepts the British monarch as head of state. |
| Commonwealth | 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 lawmaking 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 decide what and how to produce (prices and wages are determined by supply and demand) |
| Traditional Economy | Customs and traditions 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 government’s attempt to manage trade to benefit their economy |
| NAFTA | An agreement 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 and write |
| GDP | An economic measure used to determine a country’s economic output during a fiscal year |
| Acid Rain | Rain containing high amounts of chemical pollutants |
| Mineral | A naturally occurring substance that is solid, organic, and contains elements |
| Natural Resource | 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 forests |
| Inuit | The indigenous people of Canada who live in the Nunavut Territory |
| Bilingual | Referring to a country that has 2 official languages |
| Mixed Economy | Economy where individuals own most of the resources and controls production with government regulation of certain industries |
Created by:
jodi1405
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