Vocab Quiz 13

Define Economy

• Countries relying each other for resources good, or services
• The society, culture, and way of life of a particular area.
• Linking the world together by communication, culture, trade.
• The way a country and its citizens make money.

Define Globalization

• The way a country and its citizens make money.
• Countries relying on one another for resources and goods
• Linking the world together by communication, culture, trade.
• International group helping countries to work together

Define Judicial Branch

• The part of the U.S. government that interprets the law and administers justice.
• The part of the United States government that creates laws.
• Carries out the laws
• An extensive group of states or countries under a single supreme authority

Define Legislative Branch

• The part of the United States government that creates laws.
  
• Carries out the laws
• The part of the U.S. government that interprets the law and administers justice.
• The science or practice of farming, including cultivation of the soil for the

Define Executive Branch

• Carries out the laws
  
• The belief in and worship of a superhuman controlling power, especially a personal God or gods.
• The part of the U.S. government that interprets the law and administers justice.
• The part of the United States government that creates laws.

Define Command Economy

• Government makes all economic decisions. Government decides how much to make, what to make and who gets what.
• An original economic system in which traditions, customs, and beliefs shape the goods 
  and the services the economy produces, as well as the rules and manner of their distribution.
• The process of linking the world together by
  communication, culture and trade
• A capitalistic economic system in which there is free competition 
  and prices are determined by the interaction of supply and demand.

Define Traditional Economy

• An original economic system in which traditions, customs, and beliefs shape the goods
  and the services the economy produces, as well as the rules and manner of their distribution.
  
• A thing that motivates
  or encourages one to do something.
• Government makes all economic decisions. Government decides how much to make, what to make and who gets what.
• A capitalistic economic system in which there is free competition 
  and prices are determined by the interaction of supply and demand.

Define Supply and Demand

• The amount of a commodity, product, or service available
  and the desire of buyers for it, considered as factors regulating its price
  
• A thing that motivates
  or encourages one to do something.
• The state of being scarce or in short supply
• More than what is needed or used

Define Market Economy

• A capitalistic economic system in which there is free competition
  and prices are determined by the interaction of supply and demand.
  
• The amount of a commodity, product, or service available 
  and the desire of buyers for it, considered as factors regulating its price
• Government makes all economic decisions. Government decides how much to make, what to make and who gets what.
• An original economic system in which traditions, customs, and beliefs shape the goods 
  and the services the economy produces, as well as the rules and manner of their distribution.

Define Humanitarian Aid

• Aid or assistance to people in distress
• International group created to help countries work together
• The society, culture, and way of life of a particular area.
• A group of states or countries under a single supreme ruler