Monarch rules unhindered, citizens have no say in governmental laws or decisions.

EXAMPLE: Louis XIV

Dictators acquire and maintain power through fear and force. Dictators rely on military to maintain their power. Sometimes one name on the ballot.

EXAMPLE: Kim Jong Un

Small group of wealthy/prominent people who control the government.

• Claim to be superior over other people because of wealth
• Usually become head because of family ties with wealth and social rank

Theocracy

Scheme of equalizing social conditions of life. Everyone is "equal."

• Every single member must be in agreement to equalization.

• Country ruled by an established government
• Have sovereignty (independence) over internal affairs of the state
• Example: Australia

• Group of people who share the same history, traditions, and langauge live in a particular area under one government.

Ethinic groups that are not officially part of any nation

Example: Kurds

1. Negative home conditions that impel the decision to migrate
2. War, famine, harsh governement/ruler.

1. Factors that "pull" someone to a paricular place or country
2. Example: economic oppurtunities, free-enterprise

Family or community based economic system that relies on custom and ritual to make its choices

Example: Aborogines

Individual or consumer based economic system that relies on the consumption choices of consumers

EXAMPLE: The U.S.

Centrally controlled economy where the government makes all decisions

EXAMPLE: North Korea, Cuba

• Dictator Kim Jung Un
• Government owns and and controls almost all factors of production
• Government and officials answer all 4 basic economic questions
• NO individual control
• idea of 'equality'

Economic Developement

Level One: Primary

• Businesses that harvest or extract raw materials from the earth
• Example: FARMING, FORESTRY, MINING, QUARRYING, RANCHING,
• Location of natural resources determine the location of the activity; located at the site of the natural resource.

Levels of Economic Development

Level Two: Secondary

• Add value to materials by changing their form or combining them into mor useful and therefore more valuable commodoties
• Manufacturing- any factory or plant that produces a product
• Transportation- A shipping rail, air, or truck business that transports products

Levels of Economic Activity

Level 3: Tertiary

• Businesses that provide services to the primary and secondary sectors. (customer service)
• EXAMPLES: Stores, hotels, banks, restaurants, tourism, wholesale and retail trade.
• Do not produce individual goods
• Locations proximity to markets for services, advanced telecommunications can give more flexibility.

Levels of Economic Activity

Level 4: Quartenary

• Involves the processing and dissemination of information
• EXAMPLES: Educator, government officials, management, finance, insurance, legal services, computer services, 
• Location depends on good infrastructure and a skilled work force.

Levels of Economic Activity

Level 5: Quinary

• Includes high-level decision making roles in all types of large organizations
• EXAMPLES: Scientific research, high level management, 
• Locational factors tend to be concentrated around nodes of quartenary activity- gov't seats, universities, corparate headquarters

1. What to produce?
2. How much to produce?
3. What method to use?
4. How to distribute? 

GDP

(Gross Domestic Product)

• Total value of goods and services produces in a country in one year

GNP

(Gross National Product)

• Value of all goods and services provided by a country in one year.

Nationalism

(Pros)

• Generation of pride in a nation
• Establishes a source of unity for citizens
• Source of security for citizens

Nationalism

(cons)

• Sense of superiority over other countries and ethnicities; may lead to war and conflict
• May cause discrimination
• Can cause people to turn on eachother

• Company that has its facilities and assets in at lea

• Company that has its facilities and assets in at least one othe country other that the home country.

• North American Free Trade Agreement
• Encourages economic activity between the U.S.,  Mexico, and Canada
• Reduces or eliminates most tariffs on trade between these nations

• Citizens of EU countries can freely travel to other EU countries
• EU trading bloc unites Europe and EU countries because of working together in the economy
• The same government in all EU countries brings the nations together to work on common issues
• Europe is united
• Promotes common culture in Europe
• Increased travel 

• Economic differences and arguments over laws and choices 
• Political Differences
• Struggle of power between countries

• Allow easy movement and communication between humans and also transfer of goods, services, trade items, etc.

• High level of development
• Industrialized countries
• More economically developed
• Free market economy
• Developed form of government (democracy)
• More dependent on manufacturing than agriculture
• Lack of corruption
• Prevalent Technology
• EXAMPLE: U.S., Japan

• Low standard of living
• 3rd world countries
• Undeveloped industry
• Lack modern technology
• Low levels of education, healthcare, and life expectancy
• EXAMPLE: Mexico, Brazil, South Africa

Renewable Resources

Economic resources that can be replaced or replenished in the same amount or less time as it takes to draw the supply down

EXAMPLE: Solar energy, wind energy

Resource for which there is a limited supply

Example: Oil, natural gas, coal

Resources that are present in unlimited quantity from nature

EXAMPLE: Sunlight

Globalization

(Pros)

• More markets for trade
• Less restrictive travel
• More aid to 3rd world countries by distribution of wealth
• More knowledge and technology

Globalization

(Cons)

• Loss of rights
• Too much technology at once
• Technology overthrows population
• Some people can't be supported

• Split up of countries
• Balkanization
• Change over time between the countries

• Fighting over control of Jerusalem and border lines