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Ch 3 -3 Soc. Studies

Economic Systems - World Studies: Foundations of Geography

QuestionAnswer
consumers people who buy and use products
capitalism economic system with privately owned businesses
communism economic system when the government owns factories, farms and offices
developed nation countries or nations with many industries & advanced technology
developing nations countries or nations with few industries and only simple technology
economy a system where people make, exchange and use things that have value
producers owners and workers
Created by: ahulst on 2009-10-08



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