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Social Studies 19
East Asia:Government, Economics & Culture
Term | Definition |
---|---|
Entrepreneur | A person who starts up a new business |
Drought | A long period with little or no precipitation |
Gross domestic product (GDP) | The total value of all goods and services produced in a country in a given year |
Globalization | The development of a world Economy based on free trade and the use of foreign labor |
One-child policy | The Chinese law of 1979 limiting families living in urban areas to one child |
Reservoir | A large artificial Lake that stores water |
Free trade | Trade that does not impose taxes on Imports |
Bullet train | A train that travels more than 125 miles per hour and is shaped like a bullet |
Gorge | A deep, narrow passage surrounded by steep cliffs |
Multinational corporation | A large company based in one country that establishes branches in several others |
Capital | A country's wealth and infrastructure |