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GSE Unit 8 Vocabular

GSE Unit 8 Vocabulary Review #1

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 II and later president of France
francophone – French-speaking
province – a political division, similar to a state
Quebec – a predominantly French-speaking province of eastern Canada
Quebec Act – 1774 Act of Parliament permitting the citizens of Quebec to retain their French language and Catholic faith
referendum – a special vote on a specific issue
Seven Years’ 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 one 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 decisions
economic system – an economic model used by governments to determine what should be produced/provided in terms of goods and services, 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 businesses 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: jpkelley