government
A government ruled by a king or queen
monarchy
the smallest country in the world
Vatican city
An item brought into a country for sale
import
A chain of islands
Archipelago
Money that is left after expenses have been paid for from a business or an investment
Profit
a political system in which the government owns all property and dominates all aspects of economic life in a country
communism
The largest country in the world
Russia
Items that are sent out of the country for sale
export
2nd largest country
Canada
A tax on imported goods
Tariff
A form of government in which the people elect representatives to govern them and make laws
republic
2nd largest country in the world
An organized way societies decide want to make, how to make it and who gets it
Economy
A narrow strip of land connecting two larger land areas
Isthmus
Movement of people from rulal areas to cities
Urbanization
the percentage of people who can read and write
Literacy rate
A map that shows elevations and landforms.
Physical map
Economic parts system in which buyers and sellers make free choices in the market place
Market Economy
Largest country in the world
Russia
Economic parts system in which buyers and sellers make free choices in the market place
Market Economy
wide and deep enough to allow ships to pas throughout
navigable
A map that shows man-made features such as boundaries, countries and cities.
Political map
Product, Price, Place, Promotion
4 P's of marketing
Smallest country in the world
Vetican city
Power held by people
Democracy