Smore Vocabulary

By Erick Vanoverschelde

Sanction

A way of punishing a country for a law against the UN.
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Diversity

Different varieties of things such as culture, ethnic groups, or races.
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Primary

The exchange of basic items such as lumber or metal.
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Secondary

The creation of materials such as making food from farms, getting metal from mines, and mining oil from the ground.
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Tertiary

Business such as Microsoft, Apple, and Google. There are also smaller business such as contractors.
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Quaternary

Services for information or intelligence such as engineers, programmers, and scientists.

Quinary

Services for big decisions from things such as the government, scientific labs, or nonprofit organizations.

Outsourcing

The moving of jobs to a new location.

European Union

An organization in Europe to help promote peace and better the economy of Europe.

Truman Doctrine

A foreign policy to stop communism

Marshall plan

A plan to rebuild Europe from the Cold War

Cold War

War on different opinions on society.

NATO

Organization of military from Europe and North America

United Nations

An organization to spread worldwide peace.

Genocide

The act of one group killing another group whether it be religious, ethnic, or racial.

Democracy

Political view about everything being based on voting.

Dictatorship

One person taking control, usually by force.

Infrastructure

The basic supports to keep a community and it's economy going.

Monarchy

One person in control due to them being part of a Royal family.

Subsistence agriculture

Farming enough to support you and your family.

Traditional economy

An economy that sticks to its cultures and beliefs.

Free enterprise

Economy that has no government actions or laws.

Mixed economy

Economy with required laws and regulations and some government action.

Command economy

Economy with complete government control.

Tariff

Tax on exchanged goods or services.

Eu

Organization that keeps peace in Europe and helps economy of countries.

NAFTA

An agreement between Canada, Mexico, and the U.S to help economy of all three.

Globalization

An good change in trading.

GDP

The value of items within a country for a certain time.

Stateless Nation

A nation that is one complete whole with no divisions.

OPEC

Group of nations that have oil that help other countries and themselves by selling cheap oil.