Types of Govts
Name the 3 branches of the US government
legislative, judicial, executive
Society has an _______________ amount of needs/wants.
unlimited
Putting money into an account at the bank
a deposit
The number of continents on our planet
7
This type of economy focuses on families producing for themselves and then distributing among each other
Traditional Economy
The US is considered what type of government?
Federal republic/democracy
Name two types of accounts that members of a bank or a credit union can have
Checking and Savings
These imaginary lines run north to south
latitude
This economy is controlled solely by the government
Totalitarian government leader
Dictator
Housekeeper, dog walker, landscaper, are all types of jobs in this industry.
Service industry
Money you have to pay on top of the money that you borrowed so that the bank makes a profit
interest
Name all of the cardinal directions
North, South, East, West
A producer gets to set the price within this type of market and compete with other privately owned producers
Market Economy
Russia, China, and Iran could be considered modern day examples of this type of government
Oligarchy
Products that are purchased by consumers
Goods
Auto, mortgage, personal,
The number of regions in the US
6
They create demands for products and help provide labor to the work force
United Kingdom's King Charles III is the ceremonial head of state in this government
Constitutional Monarchy
the social science that studies how individuals, businesses, and societies make choices about how to use limited resources—like time, money, and materials—to satisfy their unlimited wants and needs
Savings
The latitude coordinate of the equator
0 degrees
Bank, government, household, private business are known as the four _______________.
sectors of the economy