What are producers?
All people are called this and do this
What is another word for exchange?
Capitalism is also called?
What are the three basic economic questions?
Another word for private ownership is?
Government ownership is also called?
Most capitalistic countries are what type of economy?
What is it called when people put money into a business?
People can do two things with banks in a capitalistic society?
Give 3 examples of goods.
What did people invent to make goods?
What was the time period when machines started to make goods?
List three countries that are said to be developed nations.
What are two problems of developed nations and give reasons?
What is a country called that has fewer industries and less technology?
What is an example of a developing country?
Developing countries do not have great...
What do farmers of developing nations not have to help them?
List five things developing nations have problems with?
Give 2 examples of goods people trade with each other.
Saudi Arabia produces large amounts of this.
What does interdependence mean?
What have some countries done to reduce the cost of trade?
What alliance does Mexico, Canada, and the US belong to?
owners and workers of company
Consumers who buy and use products
Trading
A free market economy
What to produce?Who will make it? Who will buy it?
Capitalism
Communism
Mixed economy
investing
Lend/borrow, and save
penicls, erasers, cars
power driven machines
during The Industrial Revolution
US, Japan, Most EU countries
unemployment because of Technology, pollution because of factories
Developing nation
India, Kenya,
wealth
power machinery
disease, food shortages, unsafe water, poor education and weak governments
grains, oil, watches
Oil
countires are dependent on each other for goods
Formed trade alliances
NAFTA
