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Unit 3 Government
Term | Definition |
---|---|
European Union | A political and economic union of many European countries.With a central bank and common economic system (the euro),a primary purpose is to form a single economic power to compete with us,Japan,China,etc. |
United nation | An international orginization whose aim is cooperation in international law,international security ,economic development , human rights , social progress and achieving world peace |
Traditional economy | Goods are traded without exchanging money |
Command economy | Communism,Production is determined by a central government |
Market economy | Free enterprise production is determined by the demand from consumers |
Mixed economy | Socialism,Mix of command and market economies |
Primary | Raw materials ex,timber,substeince farming |
Secondary | Materials by changing their form ex,steel cars to cottage industries |
Tertiary | Business or professional services ex-Walmart chills copy shop |
Quaternary | Provide information,management education,government,research |
Gross Domestic product (GDP) | The total value of goods and services produced Ina a country in a year |
Per capita GPD | GPD Divided by the total population |
Human development index (HDI) | Measures poverty, literacy, education,life expectancy ,and other factors |
Literacy | The ability to read and write |
Life expectancy | Average expected length of life |
Infant | |
Infant mortality rate | Number of deaths during the first year of life per year of life per thousand live births |
Less developed | Low GPD and typically and low HDI literacy income and life expectancy |
Newly developed | Rising GPD and HDI literacy , income and life expectancy |
More developed | High GPD and HDI literacy,income and life expectancy |