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Economic System Revi
Term | Definition |
---|---|
What are characteristics of the Free Enterprise | Own Private Property |
What are the characteristics of the Socialist | High Taxes |
What are a characteristic Communist | Can fuel proverty |
Free Enterprise | People can own things such as Ideas, Property and business. The countries have the power to purchase what ever goods they want. |
What is the First benefits of the US Free Enterprise system | Lots of economic growth |
What is the Second benefit of the US Free Enterprise system | Lots of Choices |
What is the third benefit of the US Free Enterprise system | Leads to high standard of living |
What is the first example of Natural Resources : Influence economies in various societies because: | When a country has access to natural resources, they are able to use the raw material |
What is the second example of Natural Resources: Influence economies in various societies because: | When a country does not have access to natural resources, they economically depend on other nations of them. |
Labor (Human) Resources | If a country has more people for labor manufacturing regions. If they do not, then the time it takes to have |
How will capital resources influences economies in various societies | Influences economies in various societies because |
How will Entrepreneurs influences economies in various societies (Countries) | influences economies in various societies because |
List an example of Agricultural | farming , Gardening |
List an example of wholesale | Costco and Sams Club |
List an example of Retail | Walmart, HEB |
List Example of Manufactoring | Coal - Mine, Honda |
List Example of Service | Brewingz, Barbershop |
Life Expectancy for more developed countries is | High because the people have more things to help |
Gross Domestic Product for more developed countries is | High because cause of the government is stable. |