World Geography Vocabulary
Primary - Raw materials
Secondary - Processing and manufacturing
Tertiary - Business and professional services
Quaternary - Information and intellectual services
Quinary - High level decision making
democracy - Citizens hold the power either directly or through elected representatives
dictatorship - Leader gains control usually through force. The dictator usually has centralized power around an individual or a military group
infrastructure - The basic needs to keep a economy running.
Monarchy - Oldest form of government in existence. A family is in charge and can carry out plans on their own word.
Subsistence agriculture - Growing enough crops to live on.
Traditional economy - a economy that sways torwords old times
Free enterprise/Capitalist - Limited government involvement
Mixed economy - Some government involvement through mandatory laws and regulations that businesses follow. The government provides social programs for those who need help.
Command economy - the government controls production and makes all the decisions
Organizations and agreements
- European Union - A way to bring European countries together
- Truman Doctrine - U.S. document promising economic and military help to any nation threatened by communism
Marshall Plan - U.S. plan which offers $13 billion to help rebulid post-war Europe
Cold War - a non physical war of threats and propaganda
NATO - The North Atlantic Treaty Organization which is a military alliance among democratic countries in Europe and North America
United Nations - A group created to maintain international peace and security (includes 191 countries)
genocide - The killing of a race
tariff - a tax on imports and exports
NAFTA - North American free trade agreement between the U.S., Canada, and Mexico which helps trade between the three
GDP - the Gross domestic product is the total value of all goods and services produced in a country
Stateless nation - Minority group of people with shared custums and belifes that dont have their own nation state
- OPEC - Group of oil producing countries that control worldwide oil prices.