Vocab Quiz 1 Flashcards

1
Q

Globalization

A

The process by which the regions, people, and economies of the world are becoming increasingly interconnected; the procedure of increasing the interdependence of the world economies

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2
Q

Westernization

A

The spread of ideas and values originating in Europe and the western world

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3
Q

Divine right

A

The notion that rulers power is detained from God and cannot be questioned

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4
Q

Bureaucracy

A

A complex system of non-elected officials and workers who manage the activities of a government

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5
Q

Commercial revolution

A

The rapid expansion of trade and commerce that transformed Europe starting in the 16th century

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6
Q

Economic

A

Related to money, trade, wealth, wages

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7
Q

Capitalism

A

The economic system in which all resources are privately owned and free markets determine how those recourses are distrusted; the government has minimal control over the economy

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