AP human Geography Unit 6 Key terms

The primary goal of capitalism is to generate __________.

capital (money)

In a true capitalist system, the government imposes __________ on businesses.

minimal regulation

Laissez-faire refers to the government remaining __________ of the economy.

hands off

Capitalism inherently creates a divide between winners (wealthy individuals or businesses) and __________.

losers (those who struggle economically)

Communism aims to create a __________ society where resources are shared equally among all individuals.

classless

The failure of communism on a large scale is often attributed to human __________ and the desire for power.

greed

Colonialism helped countries develop __________.

industry

Japan was the first non-western country to __________ at the turn of the century.

industrialize

Bulk-reducing industries locate factories near __________ sources.

raw material

The process of companies reducing their investments in a particular region or industry is called __________.

corporate disinvestment

The primary sector is concerned with the extraction and production of __________ materials.

raw

The 5 stages of development theory was proposed by __________.

Rostow

In the 'Take-off' stage, rapid industrialization and economic growth occur in __________ sectors.

key

NAFTA gradually removed most __________ on goods traded between member countries.

tariffs

Free-market advocacy emphasizes the need for less government __________ in the economy.

intervention