Everything Flashcards
(28 cards)
What is GDP
Stands for gross domestic product
Which country would have the highest GDP
USA
Find the economic problem use an example to explain your answer.
Scarcity is the economic problem an example of this is opportunity cost the loss of other alternatives when one alternative is chosen.
What are land recourses
Occur naturally within environments such as trees and water
What are labour recourses
human effort provided in the creation of products. Such as brick layer and tiler
What is a capital resource
goods made and used to produce other goods and services. Such as computer and white board marker
What is an enterprise resource
Important people in businesses such as manager and CEO.
Define globalisation and explain why it is a recent phenomenon
Globalisation is when businesses and organisations influences internationally
It is a recent phenomenon through trade, communication, movement of money, tourism and migration
Discuss two advantages of globalisation
- lower prices as the more products made the cheaper they are
- Increased free trade and communication between nations
Discuss two disadvantages of globalisation
- poor countries get pooorer as the the rich countries take advantage
- companies face much harder competition instead of just competing with just your community your competing with all companies all over the world which is a disadvantage for smaller companies
Outline three different types of economy’s
1) traditional economy - traditional abo tribes living a traditional way
2) planned economy- North Korea, Cuba
3) market economy - trades with other countries such as Australia and America
What is the law of demand
The higher the price the less will buy
The less the price the more will buy
What is the law of supply
Increase in price results in an increase in quantity
What is scarcity
Being short in supply
What is gini coefficient
is a measure of statistical dispersion intended to represent the income or wealth distribution of a nation’s residents, and is the most commonly used measure of inequality.
What were the groups of people in Sparta
2 kings, elders, sparties, perioeci(farmers,artisians) Helots
Hierarchy of people in Germany
Aryan Nordic race- German
Non aryan Nordic race - western Northern Europe
Non Nordic Caucasians - Southern Europe
Persians- Chinese, Japanese
African Slavic and Russians
What were the role of the helots
Worked as slaves such as domestic agriculture and military servants,
What were the role of perioki
Free men of Sparta main,y farmers and merchants who lacked the full citizenship of the spartiates
What is the role of the SS
Responsible for all matters of security and racial policy within Germany
Education in Sparta
Called Agoge this was a education and training program for all males between who began this at age 7. They did military training and learned stealth
Education of spartan woman
Had physical training so they could produce healthy offspring.
Learnt maths and literature
What was the role of spartan woman
To produce healthy children and raise loyal soldiers and to run a household.
Education in nazi germany
To attend hitler youth
Ages in hitler youth ranged from 10 to 18
Boys were trained for military services
