| A | B |
|---|
| economy | system for producing, distributing, and consuming goods and services |
| producers | owners and workers |
| goods | products |
| services | work that producers do for others |
| consumers | people who buy and use goods and services |
| capitalism | most businesses are privately owned; owners make decisions |
| socialism | government owns most basic industries; not run for profit but for good of society |
| communism | government owns all basic and non-bsic industries |
| government | system that sets up and enforces society's laws and institutions |
| People form governments because | they want to solve problems and have protections |
| direct democracy | everyone participates in day-to-day decisions |
| representative democracy | citizens elect representatives to run the government |
| monarchy | king or queen; inherited position |
| constitution | set of laws that define and limit government powers |
| dictator | leader with total power; no controls by the people |
| cultural diffusion | movement of customs and ideas |
| acculturation | process of accepting, borrowing, exchanging ideas |
| cultural change | caused by change in environment, people travelling or moving, new ideas, new technology |
| global village | transportation and communication let us know about people and events around world almost instantly |
| Do cultures remain the same or change? | Change happens |
