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Unit 8 Vocab #1

Study these terms for the quiz

Autonomy Political independence.
Brexit Term for the United Kingdom´s 2016 vote to separate from the European Union.
De Gaulle, Charles Leader of the French Resistance during World War ll and later president of France.
Francophone French-speaking.
Province A political division, similar to a state.
Quebec A predominately French-speaking province of eastern Canada.
Quebec Act 1774 Act of Parliament permitting citizens of Quebec to retain French language and Catholic faith.
Referendum A special vote on a specific issue.
Seven Year´s War/ French and Indian War 18th century war between the major powers of Europe and the Ottoman Empire.
Sovereignty The right to self-rule
Bartering A system of exchange whereby 1 good/service is given in return for another ; bartering does not require monetary exchange.
Command Economy An economic model wherein government planners make all business and financial decision.
Economic System An economic model used by government to determine what should be produced/provided in terms of goods and service, how and for whom.
Entrepreneurship The capacity of private citizens to create new businesses independent of government direction or intervention.
Free Enterprise The creation , maintenance, and expansion of business outside the control or influence of the government.
Market ( or Capitalist ) Economy An economic model which the laws of supply and demand ( not government oversight ) determine what is produced/consumed and at what cost.
Production Quota The required amount of a specific good that must be produced in a given time frame.
Created by: Greninja1