Geography: Economics Word Scramble
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Question | Answer |
Economic Activity | All the things people do to try and make their lives better and more comfortable |
Economic System | The ways that societies make economic decisions about what to produce and how to distribute it |
Material Wealth | Goods and services that we can see and touch that make our lives better |
Non-material Wealth | Things that improve our lives but are difficult to touch or describe |
Gross Domestic Product | The total value of all good and services produced in a country in a year. |
Capital | Money used to promote economic activities |
Labour | The human effore that goes into producing goods and services |
Colonization | Establishing colonies in other parts of the world often by force |
Commodity | Anything that is bought or sold |
Market | The consumers who buy a good or service |
Import | Bringing a commodity into a country |
Export | Selling a commodity to another country |
Created by:
mayuri_648
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