2025/2026.
Social Security
the use of contributions made by workers and employers through a social security tax to provide
income to people and their families during retirement or in the case of unemployment, disability, or
death
sovereignty
the ultimate, supreme power in a state
socialism
an economic system in which property and the distribution of income are subject to social and
governmental control rather than individual determination of market forces
spatial
pertaining to distribution, distance, direction, areas, and other aspects of space on Earth's surface
specialization when a business focuses on producing a limited number of goods and leaves the
production of other goods to other businesses; how each person working to produce a good might
work on one part of the production instead of producing the whole good
standard of living
the overall quality of life that people experience
tariff
a tax on an imported good
supply
the quantity of a product or service a producer is willing and able to offer for sale at each possible
price
summarize
to briefly express a writer's key thought
structural unemployment
unemployment caused by a rapid change in the character of the economy
suffrage
the right to vote
technology
the application of processes, methods, or knowledge to achieve a specific purpose
theocracy
, any government in which the leaders of the government are also the leaders of the religion and they
rule as representatives of the deity
totalitarianism
a centralized government that does not tolerate parties of differing opinion and that exercises
dictatorial control over many aspects of life
treaty
a formal agreement between sovereign nations to create or restrict rights and responsibilities
unitary government
a government system in which all governmental authority is vested in a central government from
which regional and local governments derive their powers
United Nations
an international organization composed of most of the nations of the world, formed in 1945, to
promote global peace, security, and economic development
urbanization
the process of an increasing number of people moving to cities to work and live, and the
development that results
veto
a privileged single vote that, according to some systems of rules for decision-making, has the effect
of blocking or negating a majority decision
voluntary exchange
trade between people when each one feels he or she is better off after the trade
wealth
an accumulation of goods having economic value
protectionism
the practice of protecting domestic industries from foreign competition by imposing import duties or
quotas
public service
service to local, state, or national communities through appointed or elected office
quota
a limit on how much of a good can be imported; set either by quantity or by the dollar value
radical
a person who advocates sweeping changes in the laws and methods of government with the least
delay
ratify