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