a system of government typically governed through elected officials

Type of democratic government where the president/prime minister is part of the legislative body

Type of democratic government where the president/prime minister is NOT part of the legislative body

An economic system that relies on customs, history, and time-centered beliefs

An economy in which production is determined by the government

An economic system in which prices are determined by unrestricted competition between privately owned businesses

An economic system that has characteristics of both a command economy and a market economy

The process of concentrating in one area specifically in regards to trade

The loss of protentional gain from one option when another option is chosen

A tax or duty to be paid on a particular import or export

A limited quantity of a particular product that is allowed for import or export

An official ban on trade with a particular country

A system of money used in a particular country

The value of one currency for the purpose of conversion of another

measures the monetary value of goods or services produced in a country during a given time

the sum of all products or services sold in a country during a given time period divided by the population

the value of skills or knowledge possessed by an individual or population

materials or substances such as minerals, forests, water, or fertile land

A person who organizes and operates a business taking on greater financial risks than normal

Depending, or relying, on each other-specifically in terms of trade

A good or service that is sent to another country for sale

Natural or man-made obstacles to voluntary trade

The ability to read and write

The level of wealth and material comfort available in a country

Items that people need to perform their jobs

The percentage of people aged 15 and older that can read and write in a country