Social 10-1 RI3 Vocabulary

Accepting the responsibility for ensuring the Earth's resources remain sustainable.

The fundamental facilities and systems serving a city, or area, such as transportation and communication systems.

The trade that occurs when two or more countries eliminate tariffs and taxes on goods and services between each other

The value of all the goods and services a country produces in a year

small but steady changes in the average temperature around the world

The area of Earth's surface necessary to sustain the level of resources a person uses and the waste they create.

Pride in one's country's ability to produce, distribute and consume goods and services.

A tool developed by the United Nations to measure and rank countries' levels of social and economic development

A business strategy to reduce costs by using suppliers of products and services in less developed parts of the world

The selling of crown corporations to individuals so that the services are no longer owned by the government

The transporting of goods in large standard sized metal bins.

A tax on something that is imported.  Used to restrict trade.

A period of low economic activity and high unemployment rates.

An economy entirely government controlled where everyone's work benefits all

When the business owners run the economy and the government does not get involved.

Trading in products or services using computer networks, such as the Internet.

The degree to which Earth is able to provide the resources necessary to meet human need. 

A penalty (often economic) to pressure a government to agree to carry out certain actions or follow certain rules.

Payments for war damages in Britain, France, Russia and other countries.

Refers to when a ship is registered in a country that is not the country of their owner.