MSL Vocabulary Words
Facts /characteristics
Definition in your own words
Laissez faire is the belief that economies and
businesses function best when there is no
interference by the government
Supporters of laissez-faire capitalism do not want
the government to interfere in business matters.
National governments regulate business to some
degree. Laissez faire, a doctrine of political
economy that carried the United States from an
agrarian to an industrial society.
Laissez – Faire
Examples: Under laissez-faire, workers have the
same rights as everyone else: to life, liberty and
property. (2) An economy based on capitalism.
(3) Society benefits if its members are free to
pursue their separate self-interests
Laissez-Faire is related to people who do not get
involved in other people’ activities or behavior.
Laissez Faire is related to people having economic
freedom and the ability to compete with other
businesses.
A state or country without authority,
government, or law.
Facts/Characteristics: Refers to
disorder and confusion. The word
"State" means “Government.“ A
utopian society of individuals who
enjoy complete freedom without
government
Anarchy
Examples of Anarchy: French
Revolution during the Reign of Terror.
Anarchy during Russian Civil War,
there was a collapse of government.
Anarchy is related to a state with no
morals or law. People are individual
and on their own. Refers tp
Government ruled by a
religious authority.
Facts/Characteristics: (1) A
form of government in which
God or a deity is recognized
as the supreme ruler.
Theocracy
Definition in
your own words:
Oligarchy
Who was Montesquieu?
Montesquieu ideas/beliefs
Montesquieu’s view
See link watch video
https://www.youtube.com/watch?v=x8QaGcvpcU
Three forms of Government/Explain
Definition in your own words- socialism is
common ownership. Resources of the world
being owned in common by the entire global
population.
Facts/Characteristics: Common ownership everybody having the right to participate in
decisions on how global resources will be used.
Socialism
Example of socialism are __. See link:
http://examples.yourdictionary.com/examplesof-socialism.html
Socialism is relate to __
Definition in your own
words
Facts / Characteristics
Mutiny
Examples of mutiny are __
Mutiny is related to __
Definition in your
own words
Facts/Characteristics
Push
Factors
Examples of push
factors are __
Push Factors are
related to __
Definition in your
own words
Facts/Characteristics
Pull Factors
Examples of Pull
factors are __
Pull factors is related
to __
An economic system is a system of
producing and exchanging goods and
services and allocating resources in a
society.
(1) A way a state or nation allocates
resources and apportions goods and
services in a community. (2) Traditional
economic system is a type of economic
system. (3)
Economic System
Economic is related to Capitalism in
which individuals can own their own
business and make profit.
(1) NAFTA came into affect in 1994.
This is an agreement between Canada,
Mexico, and the United States, creating
a trilateral rules-based trade bloc in
North America.
(2) NAFTA became one of the world’s
largest free trade zones. (3) started a
foundations for strong economic
growth. (4) Caused rising prosperity for
Canada, the United States, and Mexico.
North American Free
Trade Agreement
(NAFTA)
Examples of NAFTA are
NAFTA is related to __
Organization of the
Petroleum Exporting
Countries /OPEC