An economic system where the government controls production and pricing.

An economic system where supply and demand determine production and pricing.

An economic system based on customs, history, and time-honored beliefs.

Gross Domestic Product

The total value of goods and services produced in a country during a specific period.

The process by which businesses and other organizations develop international influence.

Economic Interdependence

A condition where countries are dependent on each other for goods and services.

Elements all cultures have

Language, religion, social norms, and values.

Basic needs for living

Food, water, shelter, and clothing.

An organized structure that helps society meet its needs, such as family, education, and government.

Drawback of high population density

Overcrowding, increased pollution, and strain on resources.

Importance of studying population trends

To understand demographic changes and plan for future needs.

Contrast life in a rural area with life in an urban area.

Rural areas often have less population density, more open space, and agriculture-based economies, while urban areas have higher population density, more infrastructure, and diverse economic activities.

Examples of push factors.

Examples of push factors include lack of jobs and political instability.

Examples of pull factors.

Examples of pull factors include better job opportunities and political stability.

List all the things that sovereign nations have the ability to do for themselves.

Sovereign nations can make their own laws, control their borders, and conduct foreign relations.

Describe who makes decisions in a democracy.

In a democracy, decisions are made by elected representatives or directly by the people.

Describe who makes decisions in a monarchy.

In a monarchy, decisions are typically made by a king or queen, often with advisory bodies.

List the duties and responsibilities that American citizens have.

American citizens have duties such as obeying laws, paying taxes, and serving on juries.

What are the goals of diplomacy?

The goals of diplomacy include maintaining peace, fostering economic relations, and resolving conflicts.

How are supply and demand related in economics?

Supply and demand determine the price and quantity of goods and services in a market.

Describe who makes the decisions in a traditional economic system.

In a traditional economic system, decisions are made based on customs and traditions.

Describe who makes the decisions in a market economic system.

In a market economic system, decisions are made by individuals and businesses based on supply and demand.

What has helped expand globalization?

Globalization has expanded due to advancements in technology, trade agreements, and transportation improvements.

Population and Economic Concepts Flashcards

Student preview

30 questions

Show all answers

1.

FLASHCARD QUESTION

Front

Population

Back

The total number of people inhabiting a particular area or region.

2.

FLASHCARD QUESTION

Front

Urban

Back

Relating to a city or town.

3.

FLASHCARD QUESTION

Front

Rural

Back

Relating to the countryside rather than the town.

4.

FLASHCARD QUESTION

Front

Push Factor

Back

A negative aspect or condition that motivates one to leave a place.

5.

FLASHCARD QUESTION

Front

Pull Factor

Back

A positive aspect or condition that attracts people to a new location.

6.

FLASHCARD QUESTION

Front

Sovereign nation

Back

A nation that governs itself independently of foreign powers.

7.

FLASHCARD QUESTION

Front

Diplomacy

Back

The practice of conducting negotiations between countries.

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