Chapter+4+Terms

Free trade – System of trade policy that allows traders to trade across national boundaries without interference from the respected governments. SENTENCE: Free trade is something people would demand very highly. Developing Countries – Term used to describe a nation with a low level of material of well-being. SENTENCE: Developing countries could be frowned upon very highly. Developed Countries – Term used to describe countries that have a high level of development. SENTENCE: Developed countries are well secured and up to date. Industrialization – Form of philosophical change where people obtain a different attitude towards their perception. SENTENCE: Industrialization can make riots like the one going on in Egypt. Natural Resources – Referred as land or raw materials. SENTENCE: Natural Resources can be getting scarce in our world today. Command Economy – Economic system in which the state directs the economy. SENTENCE: Command Economies are highly unfair in some peoples perspectives Mixed Economy – Economy that includes a variety of private and government control. SENTENCE: This economy can include much private unknowing facts. Market Economy – Economy based on the power of division of labor in which the prices of goods and services are in free systems. SENTENCE: Market Economies can be the most liked upon all other economies.

**//__Traditional Economy__//**- A system in which tradition and custom control all economic activity; exists in only a few parts of the world today. Sentence- Some countries have specific Traditional Economy that they follow. **//__Democracy__-//** Any system of government in which leaders rules with consent of the citizens. Sentence- In the old days each city would usually have their own Democracy of leadership. **//__Oligarchy-__//** System of government in which a small group holds power. Sentence- the Oligarchy usually holds all the power in small towns. **//__Autocracy-__//** Government in which one person rules with unlimited power and authority. Sentence- The president is the main Autocracy. **//__Federal System__//**- Form of government in which powers are divided between the national government and the state or provincial government. Sentence- a Federal System can slip up the power so not just one person is in charge. **//__Unitary System__//**- a government in which all key powers are given to the national or central government. Sentence- the Unitary System controls the power which is the government. **//__Cultural Hearths__//**- a center where cultures developed and from which ideas and traditions spread outward. Sentence- Countries use Cultural Hearths to gain new ideas to use to help them. **//__Cultural Diffusion__//**- The spread of new knowledge and skills from one culture to another. Sentence- Cultural Diffusion spreads through places as they learn new and different things. **//__Culture Region__//**- Division of the Earth based on a variety of factors, including government, social groups, economic systems, language, or religion. Sentence- Culture Region changes as different leaders want to change the systems.

Ethnic Group: Group of people who share common ancestry, language, religion, customs, or a combination of such characteristics.