Term
|
Definition
| how a country produce, uses and distribute goods and services |
|
|
Term
|
Definition
| people have the opportunity to go in to private business for themselves |
|
|
Term
|
Definition
| type of economy where free-enterprise or capitalism is found |
|
|
Term
|
Definition
| the government controls all the factors of production |
|
|
Term
|
Definition
| government controls major factors but people can still own businesses |
|
|
Term
|
Definition
| nations that have advanced economies and higher standards of living |
|
|
Term
|
Definition
| the quality of one's lifestyle based on material goods |
|
|
Term
|
Definition
| where the government or central authority controls the factors of production |
|
|
Term
|
Definition
| the average number of years a person within a country will live. |
|
|
Term
|
Definition
| the average number of babies that will die before they reach one years of age per one thousand |
|
|
Term
|
Definition
| the average number of people that can read and write with in a country |
|
|
Term
|
Definition
| a nation that has a lower standard of living, most people work in agriculture |
|
|
Term
|
Definition
| economic activities that utilizes the natural environment, such as farming, fishing, mining, etc. |
|
|
Term
|
Definition
| economic activities that use raw materials to process or make something new |
|
|
Term
|
Definition
| economic activities that provides a service |
|
|
Term
|
Definition
| economic activity that involves technology, managerial, etc. |
|
|
Term
| type of economic system found in China |
|
Definition
|
|
Term
| type of economic system found in the U.S. |
|
Definition
|
|
Term
|
Definition
| an economy that continues to do things like they were done in the past, following the pattern of the their ancestor |
|
|
Term
| newly industrialized country |
|
Definition
| a nation that is heavily involved in manufacturing, the standard of living is rising |
|
|
Term
|
Definition
| the average amount of money a person within a country would make |
|
|
Term
| a triangular population pyramid |
|
Definition
| represents a developing or less developed country |
|
|
Term
| a diamond or rectangular shaped pyramid |
|
Definition
| represents a more developed nation |
|
|
Term
|
Definition
| the average number of people per square mile within a country |
|
|
Term
|
Definition
| when families grow food to feed themselves, hands to mouth |
|
|
Term
|
Definition
| a surplus of food is grown on large plantations using modern machinery and technology |
|
|
Term
|
Definition
| most of the labor is done by people |
|
|
Term
| gross domestic product (gdp) |
|
Definition
| the total amount of money a country produces in a year |
|
|
Term
| examples of tertiary activities |
|
Definition
| cleaners, grocery stores, auto dealerships |
|
|
Term
| examples of secondary activities |
|
Definition
| Nike factory, Polo industry, manufacturing plants, refineries |
|
|
Term
|
Definition
| the inability to meet one's basic needs, poor |
|
|
Term
|
Definition
| the relocating of jobs to foreign countries for cheap labor |
|
|
Term
|
Definition
| the process by which countries are becoming more interdependent and more alike |
|
|
Term
|
Definition
| countries that have low standards of living and the majority of the population live in poverty |
|
|
