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Wow Words Set 3

TermDefinition
Unitary The Central (national) government makes laws and decisions and DOES NOT share power among states, provinces, or territories
Federal(Federation) Power is SHARED by a powerful central government, and states, provinces, or territories are given considerable self rule
Confederal(Confederation) A weak or loose organization of states, territories, or provinces that agree to follow a central government. Each area makes its own laws.
Presidential Democracy Form of government where the citizens elect the members of the legislature AND the leader of the country
Parliamentary Democracy Form of government where the citizens elect the members of the legislature and then the legislature chooses the leader
Separation of Powers An act of vesting the legislative, executive, and judicial powers of government in separate bodies
Fusion of Powers exists when the executive and legislative branches of government are intermingled. Feature of parliamentary democracies
Head of Government the "chief executive" or person who has authority in the government
Head of State symbolic of ceremonial leader of a country
Bicameral broken into 2 legislative chambers
Subsistence producing only what is necessary for personal use/survival
Bartering a system of exchange whereby one good/service is given in return for another. no money exchange
production quota the required amount of a specific good that must be produced in a given timeframe
Economic Continuum a 0-100 scale which ranks world economies from most command leaning to most market leaning
subsidization money granted by the government to assist a business or industry in lowering the cost of its product/service
embargo a trade barrier which blocks ALL trade with another country
sanction the act of economically punishing another country
Tariff a tax on imported goods
Quota a Trade barrier which places a limit on imported goods
boycott refusal to purchase a good/service from another country
Created by: heatherkirk1978
 

 



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