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Foreign Policy Vocab
Term | Definition |
---|---|
capitalism | Economic system in which resources and production is privately owned in a free market |
socialism | Mixed economy |
communism | economic system with the resources and production are government owned |
neutrality | refusal to take sides |
isolationism | countries that refuse to interact in a time of need |
treaty | written agreement |
United Nations | organization of countries from around the world that address world wide problems |
Foreign policy | a nations plan for dealing with other countries |
ambassador | a country's representative in a foreign land |
foreign trade | exchange of goods and services between countries |
gross domestic product or GDP | total value of goods and services produced in a country in a year |
foreign aid | help given to other countries |