Chapter 4 Sections 3-5
Mixed Economy
--An economy that combines elements of the command and market economies--some gov't involvement, but people mostly make their own choices. --Technically, all economies are mixed.
Communism
A political system in which the government owns all property and dominates all aspects of life in a country.
Metropolitan area
A(n) ___ is a functional area including a city and its surrounding suburbs and exurbs, linked economically (ex. Dallas-Fort Worth area)
Nation
A(n) ___ is a group of PEOPLE with a common culture living in a territory and having a strong sense of unity.
Suburb
A(n) ___ is a political unit or community touching the borders of the central city or touching other suburbs that touch the city.
Command economy
A(n) ___ is a type of economic system in which production of goods and services is determined by a central government, which usually owns the means of production (ex. N. Korea)
Market economy
A(n) ___ is a type of economic system in which production of goods and services is determined by the demand from consumers (ex. US)
Monarchy
A(n) ___ is a type of government in which a ruling family headed by a king or queen holds political power and may or may not share the power with citizen bodies.
Dictatorship
A(n) ___ is a type of government in which an individual or a group holds complete political power.
Democracy
A(n) ___ is a type of government which citizens hold political power either directly or through elected representatives.
City
A(n) ___ is an area that is the center of business and culture and has a large population.
Natural resources
A(n) ___ is material on or in the earth that has economic value.
Megalopolis
A(n) ___ is several metropolitan areas grown together (ex: upper east coast of US has several large cities close together)
Economic system
A(n) ___ is the WAY people produce and exchange goods.
Economy
A(n) ___ is the production and exchange of goods and services among a group of people.
examples of Nations without a state
Palestinians, Kurds, Basques (these are nations of people with no land of their own)
Central business district (CBD)
The ___ is the core of a city, which is almost always based on commercial activity.
4 Types of Economic Systems
Tradition-based Market (a.k.a. Capitalism or Free Enterprise) Command Mixed
Landlocked
___ describes a country that has no outlet to the sea.
Per capita income
___ is the average amount of money earned by each person in a political unit.
Infrastructure
___ is the basic support systems needed to keep an economy going, including power, communications, transportation, water, sanitation, and education systems.
Urbanization
___ is the dramatic rise in the number of cities and the changes in lifestyle that result.
Urban geography
___ is the study of how people use space in cities.
Gross Domestic Product (GDP)
___ is the total value of all goods and services produced within a country in a period of time.
state
a political unit (AREA) with borders, population, and government (example: a country)
-ism
belief in
natural boundaries
boundaries determined by geographic features such as mountains or rivers (ex: Ural Mts. = boundary between Europe and Asia)
difference between commercial and industrial property
commercial = business (offices, stores, etc.) industrial = manufacturing plants (where products are made), utilities (natural gas, electricity, hydro-electric plants, nuclear energy, etc.)
commu-
common, community, public
Tradition based economy
economy based on customs, laws, rituals, religious beliefs, and habits (ex. Amish)
-ator
he who
mono
one
demo-
people
-arch
rule by, govern
-cracy
rule by, govern
dict-
speak, declare
artificial boundaries
straight-line boundaries determined by a line of latitude or longitude (ex: 49º N lat makes up most of the US-Canadian border)