Unit 4 Vocabulary Words Learning Target: I can match vocabulary terms with the correct definition. 10. _Federal Government____- Another name for a national government. 1. __Equal Opportunity__- The right to not be discriminated against because of race, gender, religion, age, or disability. 11. _____Bill of Rights___- Lists specific freedoms guaranteed to every U.S. citizen. 2. _citizenship_____- Combination of the duties and rights of a citizen. 3. _Political Process__- Legal activities through which citizens can change public policy. 4. __Democracy___- Government receives its power directly from the people. 5. __Patriotism___- Citizens love for their country. 6. __Republic__- People rule through elected representatives. 7. _Limited Government___- This type of government is where people, even those in charge, must obey the rules. They have only have certain powers. 8. __Constitutional Amendment__- A change or addition to the Constitution. 9. __U.S. Constitution___- The foundation for all laws and the framework for the U.S. government. 12. _Unlimited Government__- This type of government is where leaders have almost total power (dictatorship) 13. __Natural Resources___- Raw materials used to make goods. Examples include land, water, forests, minerals, soil, and climate. 14. __Capital Resources____- Machines, factories, and supplies are needed. 15. _Factors of Production_____- The ingredients, or elements, needed for production to occur. 16. _____Labor Resources____- Workers are needed with the appropriate knowledge, skills, and experience to make goods or provide services. 17. ___Entrepreneurs___- The people who bring natural resources, labor resources, and capital resources together to produce goods and services. They take a risk at opening a business. Succeed or Fail. 18. ___Gross Domestic Product___- Also stands for GDP. This tells the total values of goods and services that a country produces each year. 19. ______Profit__- Money that remains after all the costs of producing a product have been paid. 20. ___Market Economy____- An economy that allows business owners to compete in the market with little government interference. 21. _Consumers__- The people who use goods and services. 22. __Competition___- The rivalry among businesses to sell goods to consumer and make the greatest profit. 23. __Values___- The principles and ideals by which people live. 24. __Globalization___- Spreading around the world. 25. ___technology__- tools or equipment that apply new knowledge in practical ways. Vocabulary Words value consumers entrepreneurs natural resources patriotism equal opportunity democracy Limited government Federal government globalization profit U.S. Constitution republic citizenship technology capital resources Gross Domestic Product competition labor resources factors of production free enterprise/market economy Bill of Rights Constitutional Amendment Unlimited government political process