vocab 1 | vocab 2 | vocab 3 | vocab 4 |
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What is a person who comes to live permanently in a foreign country.
immigrant
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What is the quality of being patriotic; devotion to and vigorous support for one's country.
patriotism
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What is the total value of goods produced and services provided in a country
GDP
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What is the worth of something compared to the price paid or asked for it.
values
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What is the policy of treating employees and others without discrimination
equal opportunity
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What is a body of fundamental principles or established precedents according to which a state or other organization is acknowledged to be governed
constitution
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What is a type of economy where products, prices, and services are determined by the market, not the government.
free enterprise/market economy
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What is the process by which businesses or other organizations develop international influence
globalization
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What is the position or status of being a citizen of a particular country.
citizenship
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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
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What is a person who purchases goods and services for personal use.
consumer
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What is the application of scientific knowledge for practical purposes
technology
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What is a system of government by the whole population or all the eligible members of a state, typically through elected representatives.
democracy
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What isa formal declaration of the legal and civil rights of the citizens of any state, country, or federation
Bill of Rights
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What is the difference between the amount earned and the amount spent in buying, operating, or producing something.
profit
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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
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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
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What is the rivalry between businesses
compotition
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