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Foreign Policy Vocab

TermDefinition
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
Created by: colliebl