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MY 20 MOST CHALLENGI

TermDefinition
BARTER The exchange of goods and services for other goods or services.
BUDGET A plan listing the expenses and income of an individual or organization.
COMMAND ECONOMY A system in which the central government makes all economic decisions.
CONSUMER A person who buys goods or services.
DEBT The amount of money that is owed.
DEMAND The amount of goods and services that consumers are willing and able to buy at various prices at any given time
IMPORTS Goods or services that a country buys from other countries
INFRASTRUCTURE The set of resources, like roads and factories, that a country needs to support economic activities
SCARCITY A condition of limited resources and unlimited wants by people.
ANARCHY is the absence of political authority, rule, order or common purpose
COMMONWEALTH A self –governing territory associated with another country
DISCRIMINATION Unfair treatment of a person or group based on a variety of prejudices
HUMAN RIGHTS Rights that all people deserve, such as rights to equality and justice
INITIATIVE a petition process by which voters can put a proposed constitutional amendment on the ballot
KING, SULTAN, EMPEROR Three titles given to a monarch
NORTH KOREA AND CUBA two countries that have a communist government
MONSOONS seasonal winds that bring periods of heavy rains or dry weather
MEDITERRANEAN Sunny, warm summers and mild, wet winters is a description of this type of climate
DIFFUSION The spread of people, ideas, technology and products among places
KORAN the holy writings of Islam.
Created by: user-2035163
 

 



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