Vocabulary words

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Homework instructions: Define the following terms in your own words: (Remember to avoid plagiarism!) 1. Microeconomics 2. Macroeconomy 3. Totalitarianism 4. Ethnocentrism 5. Corruption 6. Civil or Continental Law 7. Common Law 8. Religious Right 9. Customary Law 10. Market economy 11. Planned economy 12. Mixed economy 13. Values and norms 14. Deregulation 15. Privatization 16. Labor practices 17. Environment 18. National sovereignty

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