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1st 9 Weeks Group 3 Vocabulary Social Studies

literacy rate the percentage of people who are able to read and write
unitary system of government in which a central authority has all the power
confederation system of government with a loose association between the central government and local political units
federal system of government in which power is divided between the national government and the regional government
autocratic form of government in which one leader holds complete power
oligarchy a small group of people with wealth or power has control of the government
democratic form of government in which the people hold supreme power
parliamentary democracy form of democracy in which the legislature is directly elected by the people, but the Prime Minister is elected by Parliament
presidential democracy form of democracy in which the legislature and the President are directly elected by the people
federal republic Power is divided between national and local governments and decisions are made by elected officials who represent the people
dictatorship one person has absolute authority
mixed economy economy that falls between a command economy and a market economy
market economy economic decisions are based on what people buy and sell
command economy government controls what and how things are produced
constitutional monarchy a country has its own constitution but its head of state is a monarch
Aborigines the original people of Australia
specialization when countries produce only products they are good at producing
trade barrier government imposed restriction to limit trade with other countries
tariff a tax on imports or exports
quota a fixed share of something that a person or group is entitled to receive or is bound to contribute
NAFTA agreement between Canada, Mexico, and the United States to remove most tariffs between these nations
international trade exchange of capital goods and services between countries
Created by: sfelder
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