Russia Review Sheet

Topics: Economic system, Karl Marx, Communism Pages: 1 (329 words) Published: January 14, 2014
Russia Review Sheet
Market Economy: an economy that relies chiefly on market forces to allocate goods and resources and to determine prices Command Economy: an economy in which production, investment, prices, and incomes are determined centrally by a government. Socialism: a political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole. Traditional: A traditional economy is a historical economic system in which traditions, customs, and beliefs shape the goods and products the society creates. Countries that use this type of economic system are often rural and farm-based. Democracy: a system of government by the whole population or all the eligible members of a state, typically through elected representatives. Communism: a political theory derived from Karl Marx, advocating class war and leading to a society in which all property is publicly owned and each person works and is paid according to their abilities and needs. Monarch: a sovereign head of state, esp. a king, queen, or emperor. Dictatorship: government by a dictator.

Judaism: the monotheistic religion of the Jews.
Christianity: the religion based on the person and teachings of Jesus of Nazareth, or its beliefs and practices. Islam: the religion of the Muslims, a monotheistic faith regarded as revealed through Muhammad as the Prophet of Allah. Primary Economic: here the money making activities of a society are mainly focused upon the growing and collecting of natural resources, for example, agriculture, fishing and mining. Secondary Economic: where products, or resources are manufactured. Tertiary Economic: economic sector has to do with services to businesses and consumers. Dry cleaners, real estate agents and loan officers fall into the category of tertiary economic sector workers. Transportation, banking, tourism and retail stores are all part of the tertiary economic sector. ...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • review sheet for GEOG320 Essay
  • Essay about Nutrition Review Sheet
  • Phyio9X Review Sheet Essay
  • Review Sheet for Wuthering Heights Essay
  • Anatomical Organization Review Sheet Essay
  • Review sheet Exercise 2 Essay
  • PhysioEx 9 Review Sheet Essay
  • Essay about ATomic Review Sheet

Become a StudyMode Member

Sign Up - It's Free
TV Shows | Wie weit gehen? | Dante's Inferno How the Punishment Fits the Crime Essays