Smore Vocabulary
By Erick Vanoverschelde
Sanction
A way of punishing a country for a law against the UN.
Diversity
Different varieties of things such as culture, ethnic groups, or races.
Primary
The exchange of basic items such as lumber or metal.
Secondary
The creation of materials such as making food from farms, getting metal from mines, and mining oil from the ground.
Tertiary
Business such as Microsoft, Apple, and Google. There are also smaller business such as contractors.
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.