SS 3201 Unit 3 Terms Review

This involves the collection or extracting of raw materials (resources) from the Earth through farming, fishing etc.

Large farming operations used to grow cash crops.

Territorial limits determined by Earth's physical features.

An economic system based on agriculture, fishing, hunting and/or gathering to provide for the needs of people.

Particular parts of the economy.

Trade that occurs without the restrictions caused by tariffs and non-tariff barriers.

Turning a raw material / resource into a finished product for people to buy.

An economic system in which the prices of all goods and services are determined by supply and demand (free enterprise).

Control of one country by another based on economic dominance rather than political dominance.

A state in which there is little or no official government to meet the needs of citizens.

A limit on the number or value of goods that can be traded.

An economic system that combines elements of both free enterprise and government intervention.

A list of the 500 largest companies in the world that is published annually.

A nation-state's special rights to exploration/resources inside a 370 kilometre limit around its borders.

Large companies with many areas of business that operate in two or more countries.

The struggle between Canada, Russia, Denmark, and the United States over greater access to the Arctic region.

Providing a range of services to people to make aspects of their lives easier or to improve the quality of their lives.

An ideology that believes equality can only be achieved through evolution and elimination of the wealthy class.

Created by Walt Rostow to describe the pattern globalized countries have followed as their economies advance.

When one country rules another and develops trade with that country for its own benefit.

This is the ninth month of the Muslim calendar and the holy month of fasting.

Territorial limits determined by human means.

Systems and procedures put in place in a country to help people satisfy people's needs and wants.

Companies created by a country to develop trade in its colonies and often traded in particular products.

The manner in which land is held. Under colonialism, land became privately owned by concession companies.

A policy that includes violence and forced emigration to drive a group from a state. Promotes cultural homogeneity.

The total value of a country's goods and services produced in a year averaged across the population.

A group of 27 European nations, which have made free-trade agreements to encourage economic globalization of its members

An ideology that sees democracy as weak and diversity in society as unfavourable.

A state that shares characteristics with both democratic and authoritarian states and are often in a transition phase.

An economic indicator that gives a general value of how equally wealth is distributed in a country.

A country's or nation's ability to decide their own governance and future.

An economic system in which the supply of goods and services are determined by the government as part of a total plan.

A person's identification with and patriotic loyalty to his or her nation and its goals.