Government Systems | Government Type | Economic Systems | Trade | Random |
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What is a unitary system of government
system of government in which the central government hold most of the power and local government only helps
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What is an autocratic type of government
a type of government where one person processes an unlimited amount of power
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What is a command economy
an economic system where the government controls everything that it produced by businesses and owns all businesses, property, etc.
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What is an embargo
something that restricts some trade items
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What is exchange rate
the value of one currency for the purpose of conversion to another
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What is a confederation system of government
where local government holds most of the power
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What is an oligarchic type of govenrment
a type of government where power is in the hands of a few people or small group who have the combined power of a dictator
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What is a traditional economy
an economic system where people only produce what they need to survive and nothing extra
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What is a tariff
a tax that is put on an item when being exported
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What is a natural trade barrier
a ''barrier'' or physical thing stopping trade
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What is a federal system of government
where the power is split evenly between the central and local government
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What is a democracy
a type of government where the power lies in the hands of the people
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What is a market economy
an economic system where people have private ownership of businesses and property and little government participation
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What is a quota
something limits the amount of something being traded
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What is a political trade barrier
another ''barrier'' that is used to punish or put economic pressure on another country
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What is a unitary system of government
system of government in which citizens don't have many rights and it's usually led by a dictator or king
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What is a theocracy
a type of govenernment where they view all government matters the eyes of its primary religion
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What is a mixed economy
an economic system combining private and public enterprise
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What is specialization
pursuing a specific work or study
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What is a developed nation
a nation that already has a fixed government
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What is a federal system of government
Israel has this type of government system and its people have a lot of freedom and rights
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What is a parliamentary democracy
a type of government where the executive power works with members of the legislature
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What are the 3 questions all countries and businesses must ask themselves when creating a product
what to produce
how to produce for whom to produce |
What is Gross Domestic Product (GDP)
the total amount of goods and services produced in a country in a year
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What is a developing nation
a nation that doesn't have a specific government and trying to change for the better
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