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GSE Unit 8 Vocabular
GSE Unit 8 Vocabulary Review #1
Term | Definition |
---|---|
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 |