*Southern and Eastern Asia Government and Economics

A system in which a political party or other small group takes over a government and makes all of the major decisions; government by the few.

• oligarchy

• autocracy

• democracy

A political system in which the people play a much greater role in deciding who the rulers are and what decisions are made; "people power".

• oligarchy

• democracy

• autocracy

The name usually given to the head of the government; chief executive of a parliamentary democracy.

• king

• president

• prime minister

A trade barrier in which one country announces that it will no longer trade with another country in order to isolate and cause problems with that country's economy; a ban on trade.

• embargo
• quota
• tariff

A product that one country SELLS to another country.

• import

• export

The knowledge and skills that make it possible for workers to earn a living producing goods and services; the value a person brings to the workplace.

• capital goods
• human capital
• entrepreneurship

The value of all the final goods and services produced within a nation in a given year.

• Gross Domestic Product

• Gross National Product

The factories, machines, and technology that people use to make products to sell.

• capital goods
• human capital
• entrepreneurship

Creative, original thinkers who are willing to take risks to create new businesses and products.

• entrepreneurs
• human capital
• per capita gdp

An economy in which most of the economic decisions are made by government planning groups.

• mixed economy

• traditional economy

• command economy