Vocab Flashcard 11

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Define Revolution

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A forcible overthrow of a government or social order for a new system.

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Define Rebellion

Back

An act of violent or open resistance to an established government or ruler.

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Define Population

Back

Total number of people in a given area.

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Define Country

Back

A nation with its own government occupying a specific area.

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Define Civilization

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Society, culture, and way of life of a particular area.

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Interdependence

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Countries relying on one another for resources and services.

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Market Economy: A capitalistic system with free competition; prices set by supply and demand.

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A capitalistic system with free competition; prices set by supply and demand.

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Supply and Demand: Amount of a commodity/service available and buyers' desire, regulating its price.

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Amount of a commodity/service available and buyers' desire, regulating its price.

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Command Economy: Government makes all economic decisions, including production and distribution.

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Government makes all economic decisions, including production and distribution.

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Traditional Economy: An original economic system shaped by traditions, customs, and beliefs that influence the production and distribution of goods and services.

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An original economic system shaped by traditions, customs, and beliefs that influence the production and distribution of goods and services.