World Geo Vocabulary
By:Kristin Coleman
Level of Economics
Secondary-next after first in order
Tertiary-of the third order
Quaternary-arranged in fours
Quinary-arranged in fives
Different types of Governments
Dictatorship-overbearing power
Monarchy-supreme power held by a single person
Infastructure-the fundamental facility serving a country,city,as transportation and communication systems,power plants,and schools
Important Actions
Outsourcing-to contract out
European Union-formed in 1993 for the purpose of achieving political and economic integration
Truman Doctrine-the policy of president Truman,advocated in his address to a Congress on March 12 1947 to provide military and economic aid to Greece and turkey and extension to any country threatened by communism
Marshall plan-was the American way to aid Europe giving 17 billion from the United States to help rebuild European economies
Cold War-intense economic,political,military,& ideological between nations,short of military conflict economics threatened by communism
NATO- organization formed in 1949 including the 12 nations of the Atlantic pact together with Greece,turkey,and the federal republic of Germany or the purpose of collective defense against aggression
United Nations-International organization with headquarters in NYC formed to promote international peace,security,and cooperation
Genocide-The deliberate and systematic extermination of a national,racial,political,or cultural group
Different Economy's
Mixed Economy-economic system combining private and public enterprise
Command Economy-is a key feature of any communist society;production that is publicly owned and economic activity is controlled by a central authority
More Important Information
Diversity-variety being different or unique
Subsistence agriculture-self sufficiency farming in which the farmers focus on growing enough food to feed themselves and their families
Free Enterprise/Capitalist-private business operates in competition and largely free of state control
EU-is a politico economic union of 28 members that are located primarily in Europe
NAFTA-a regulation implemented January 1st,1994 in Mexico,Canada and the US to eliminate most tariffs on trade between these nations
Globalization-process of interaction and integration among the people,companies and governments of different nations
GDP-(gross domestic product)which represents the total dollar value or all goods and services produced over a specific time period
Stateless Nation-Is an ethnic group,Religous group,linguistic group or other cohesive group which isn't the majority population in any nation state
OPEC-is a cartel that aims to manage the supply of oil an effort to set the price of oil on the world market