vocab 1 vocab 2 vocab 3 vocab 4
100
What is a person who comes to live permanently in a foreign country.
immigrant
100
What is the quality of being patriotic; devotion to and vigorous support for one's country.
patriotism
100
What is the total value of goods produced and services provided in a country
GDP
100
What is the worth of something compared to the price paid or asked for it.
values
200
What is the policy of treating employees and others without discrimination
equal opportunity
200
What is a body of fundamental principles or established precedents according to which a state or other organization is acknowledged to be governed
constitution
200
What is a type of economy where products, prices, and services are determined by the market, not the government.
free enterprise/market economy
200
What is the process by which businesses or other organizations develop international influence
globalization
300
What is the position or status of being a citizen of a particular country.
citizenship
300
What is the government is empowered by law from a starting point of having no power, or where governmental power is restricted by law, usually in a written constitution
federal government
300
What is a person who purchases goods and services for personal use.
consumer
300
What is the application of scientific knowledge for practical purposes
technology
400
What is a system of government by the whole population or all the eligible members of a state, typically through elected representatives.
democracy
400
What isa formal declaration of the legal and civil rights of the citizens of any state, country, or federation
Bill of Rights
400
What is the difference between the amount earned and the amount spent in buying, operating, or producing something.
profit
500
What is the process of the formulation and administration of public policy usually by interaction between social groups and political institutions or between political leadership and public opinion
political process
500
What is an economic term that describes the inputs used in the production of goods or services in order to make an economic profit
factors of production
500
What is the rivalry between businesses
compotition






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