Vocab sec1
Number of deaths per 1,000 people in a year
death rate
The way of life of a group of people who share similar beliefs and customs
culture
material from the Earth people use to meet their needs.
natural resource
DIRECT DEMOCRACY
People hold the Power and decide issues
how many economies are there?
4
severe lack of food due to crop failures and warfare
famine
shared culture including language, religion, history, daily life, arts, government, economy, holiday traditions, special food, and physical traits
ethnic group
natural resources that cannot be used up or replaced. Example: Sun, wind, water, forest
renewable resource
REPRESENTATIVE DEMOCRACY
People choose leaders to represent them to make decisions
Individuals decide what to produce and how to produce it based on custom or habit. People often do same work as their parents and grandparents and technology is often limited.
traditional economy
Average number of people living in a square miles or square kilometers
population density
highly developed cultures
Civilizations
natural resources which have a limited supply. Example: Minerals, Fossil fuels
nonrenewable resource
CONSTITUTIONAL MONARCHY
Led by a king or queen who inherits power by being born into the ruling family but most of the power lies with an elected legislature
Government make decision about resources, cost of products, wages workers earn. Individuals have little economic freedom.
command economy
People moving from place to place within the same country
internal migration
an area where people share certain culture traits in a particular region
cultural regions
countries having many industries – mixture of agriculture, manufacturing and service industries. Example: United States, France, Japan
developed country
ABSOLUTE MONARCHY
Led by a king or queen who inherits power by being born into the ruling family having unlimited power
individuals make their own economic decisions. People have right to own property or business. A business makes, what they think, customers want (SUPPLY). Consumers (customers) choose which goods and services to buy (DEMAND). Prices are determined by Supply and Demand – Little supply / Price goes up. A lot of supply / Price goes down.
market economy
what are REFUGEES
people who are forced to flee to another country to escape war, persecution or natural disasters.
what is GLOBALIZATION
the development of a worldwide culture with an interdependent economy
countries with few industries, agriculture still important, income per person low. Example: Sierra Leone, Cambodia, Guatemala
developing country
DICTATORSHIP
Leader who rules by force often limiting citizens’ freedom
A combination of any of these 3 of the other other economies is what?
mixed economy