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TermDefinition
CAPITAL GOOD - A productive resource consisting of human-made materials needed to produce goods and services.
GROSS DOMESTIC PRODUCT - The total value of all the goods and services produced in a country in one year.
40. INFRASTRUCTURE - The set of resources, like roads and factories, that a country needs to support economic activities.
IMPERIALISM - an attempt to dominate a country’s government, trade, and culture.
NORTH KOREA AND CUBA – two countries that have a communist government.
MARKET - The trade of goods and services.
BARTER - The exchange of goods and services for other goods or services.
COMMAND ECONOMY - A system in which the central government makes all economic decisions.
HUMAN RESOURCES are the people who make up the workforce of an organization, business sector, or economy.
SCARCITY - A condition of limited resources and unlimited wants by people.
Created by: user-2035070
 

 



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