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My 20 challengingPBW
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| Term | Definition |
|---|---|
| INTEREST | The money that a borrower pays to a lender in return for a loan. |
| SCARCITY | A condition of limited resources and unlimited wants by people. |
| HUMAN RESOURCES | The people who make up the workforce of an organization, business sector, or economy. |
| RENEWABLE RESOURCE | A resource that Earth replaces naturally, such as water, soil, trees, plants, and animals. |
| GROSS DOMESTIC PRODUCT | The total value of all the goods and services produced in a country in one year. |
| INFRASTRUCTURE | The set of resources, like roads and factories, that a country needs to support economic activities. |
| COMMAND ECONOMY | A system in which the central government makes all economic decisions. |
| COMMONWEALTH | A self –governing territory associated with another country. |
| CAPITAL GOOD | A productive resource consisting of human-made materials needed to produce goods and services. |
| APARTHEID | South Africa’s governmental policy of separation of the races. |
| COUP | A sudden overthrow of a government by a small group of people. |
| IMPERIALISM | An attempt to dominate a country’s government, trade, and culture. |
| REVOLUTION | A drastic change in a country’s government and way of life. |
| CONSTITUTION | A body of fundamental principles according to which a state is to be governed. |
| PARLIAMENTARY MONARCHY | A type of government is ruled by a queen, but all laws are passed and enforced by an elected parliament.\ |
| INITIATIVE | A petition process by which voters can put a proposed constitutional amendment on the ballot. |
| EMPIRE | A land with different territories and people under a single ruler. |
| INTERDEPENDENCE | The reliance of one country on the resources, goods, or services of another country. |
| WEATHER | The short term changes in the air for a given place and time. |
| PHYSICAL FEATURE | A natural quality of the Earth’s surface that includes land formations and vegetation zones. |