Democratic republic: A form of government where the people elect representatives to make the laws.
Developed economy: A wealthy country with quality education, high literacy, good health care, and access to technology.
Developing economy: A poor country with less educated people, low literacy rates (few people who can read), limited access to health care, and less access to technology.
Diversity/diverse: A range of different things; can be about race, religion, culture, ethnicity, and so on.
Limited government: A government that is limited by its people; the government cannot do whatever it wants
Monarchy: A form of government ruled by a king or a queen.
Population density: The amount of people living within a certain area (usually measured per square mile).
Poverty: Lacking (not having enough of) or not having the basic necessities of life- food/water, shelter, jobs, clothing.
Scarce/scarcity: Not having enough, lacking.
Supply and demand: The price of a product/service will be based on how much of your product you have (the supply) and how much the customer wants it (the demand)
Unlimited government: A government that has unlimited power over its people