| A | B |
|---|
| tariff | these raise prices on imports |
| quotas | these set quanity limits on imports |
| autocracy | type of government with a sing, self-appointed ruler who holds political control |
| theocracy | type of government that is made up of religious leaders who claim to be ruling on behalf of religious ideas (Iran) |
| hinduism | dominant religion in India |
| parlimentary democracy | government ruled by an elected legislature and a prime minister |
| confederation | local government holds more power than central government |
| federal | the federal government holds more power than the local government but most of the time it is shared pretty equally |
| Israel | created in 1948. Creation has caused many conflicts in the Arab world |
| GDP (gross domestic product) | Total value of good and services produced in a county per year |
| Palestine | Lost land when Israel was created. Was controled by Great Britain |
| captial goods | used to make other products |
| Mohandas Gandhi | supported nonviolence as a way for India to gain independence from Britain |
| command economic system | The government makes all decisions about the economy. What will be produced, by whom, and how. |
| human captial | deals with how employee/work force impacts a business or economy |
| karma | belief that ones actions in this life determines one's place in the next life |
| koran | sacred book of Islam |
| entrepreneurs | are important because they create new business, build factories and hire new employees |
| Saudi Arabia | absolute monarchy, unitary, autocratic government |
| Gobi Desert | largest desert in Asia |
| debt | amount of money owed for something. In most cases, example - when someone buys a car and takes out a loan and makes monthly car payments |
| Mao Zedong | first leader of Communist China |
| OPEC | group of countries that control oil production. If they lowered/cut production, oil prices would increase |
