Unit 9: Vocab Study Set

Front

Term used to describe how trade and technology have made the world into a more connected and interdependent place.

Back

globalization

Front

decolonization

Back

The process by which colonies become independent of the colonizing country.

Front

Country that has a mature and sophisticated economy, usually measured by gross domestic product (GDP) and/or average income per resident.

Back

developed nation

Front

developing nation

Back

Country that has a lower gross domestic product (GDP) and a less mature and sophisticated economy than a developed nation.

Front

An economy in which most goods and services are produced and distributed through free markets; based on supply and demand.

Back

market economy

Front

The level of wealth, comfort, material goods, and necessities available to people in a geographic area.

Back

standard of living

Front

urbanization

Back

The increase in the number of people living in towns and cities.

Front

The process of transforming the economy of a nation or region from a focus on agriculture to a reliance on manufacturing.

Back

industrialization

Front

multinational corporation

Back

A company that has business offices and operations in two or more countries in the world.

Front

The calculated use of violence to create a general climate of fear in a population to bring about a particular political objective.

Back

terrorism