geography ch. 4 part b
Traditional economy
people are not free to make decisions; based on how their ancestors worked in it; rarely used today
Secondary economic activities
use raw materials to make something of more value
People rule
what does the term "demos-kraita" mean?
North Korea
what is an example of the longest autocratic regime in the post World War II area?
China
what is an example with a politburo of 7 unelected members?
Free enterprise system
when is shoppers choose what products they want, and businesses make products that will sell
mainly from 1300s-1700s
when was monarchy mainly used?
Mixed economy
A combination of capitalism and communism, where people can own property and businesses for profit, but the government can interfere
Oligarchy
A system of government whereby a small group holds power
autocracy
A system where unlimited authority in a nation belongs to one person many get this job through inheritance or brutality
Federal system
Divides the government powers between the national and state government
Constitutional monarchy
Have kings and queens, but share power with elected leader ship
24%
How much do Americans pay on average for taxes?
Pollution
Industry is expanding worldwide, and with it, are increasing concerns of ______
Primary economic activities
Involve taking natural resources directly from the earth
Quaternary economic activities
Involve the gathering, processing, and distribution of information
unitary system
Is when all the power of a nation belongs to one national government
Oligarchy
May have an assembly of large groups representing the people, but they overwhelmingly agree with leader ship always
Developing nations
Nations moving from agricultural economies to industry
Developed countries
Nations with a great deal of technology and industry
tertiary economic activities
Provide services to people and businesses
North America free trade agreement
The cooperation of Mexico, US, and Canada to trade freely with limited restriction
Free trade
The removal of trade barriers that allows the movement of goods throughout the world
Fission
The splitting of uranium Atoms
Industrialization
The spread of industry in business and heavily influence the standard of living
The United Kingdom
What is an example of constitutional monarchy today?
Democracy
When leaders are elected and serve with the citizens consent
Socialism or communism
When the government controls everything
Command economy
When the government owns the means of production, controls what is sold, and how much is available for consumers
Capitalism
Where people can own property, own a business, and make a profit
Ancient Greece
Who introduced democracy to the world in 507 BC?
Nuclear power
another renewable resource because it's created by atomic reactions or fission
Nonrenewable resources
can be exhausted, such as minerals and fossils fuels, like coal and oil
Renewable resources
can be replaced or naturally grown
Natural resources
elements of the earth not made by humans
Market economy
exists when a few people make the decisions for everyone
40%
how much does Italy, Austria, Finland, Sweden, Belgium, Denmark, France, pay on average to the government for "free" healthcare and college?
Monarchy
is also autocratic, but involves kings and queens, who become leader through birth or marriage
