Economic and Government Terms 7th SS

Rule by a small group of people, the general public has little or no say in government.

A  type of economy where people make many of their own goods (hunting and gathering).

A tax on imported goods is a __________________.

What are the tools and equipment needed to make goods called?

The power is shared between local and regional governments.

A person’s ___________, or quality of life, is based on the availability of goods and services.

When people elect their leaders by voting.

In this type of government the central government has all the power.

The national government has all the power, usually in the hands of one person or group.

In this type of government the local governments have all the power.

What kind of economy do all countries have?

A ban on trading goods with a country is __________.

The training education that people need to do their job is called?

The market decides the price of goods and what is produced.

In this type of economy the government makes all the decisions.