vocabulary (people’s republic of china). an economic system in which the central government...
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Something new or different introduced.TRANSCRIPT
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Vocabulary(People’s Republic of China)
Unit 7: East Asia
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An economic system in which the central government controls industry such that it makes major decisions regarding the production and distribution of goods and services.
Command Economy:
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Something new or different introduced.
Innovation:
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The total knowledge and skills available to any human society for industry, art, science, etc.
Technology:
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Is a national economic policy that says that a nation benefits by accumulating monetary reserves through a positive balance of trade, especially of finished goods.
Mercantilism:
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Is loyalty to the interests of one's own region or section of the country, rather than to the country as a whole.
Sectionalism:
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Occurs whenever any one or more species populate an area.
Colonization: