Globalization and the Economy
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Imports | To buy resources or goods from another country
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| Developed | A country that has a mix of agriculture and a great deal of manufacturing and service industry (USA, Japan, Australia)
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| Developing | A country that has little industry and is mostly agricultural(Ethiopia, Afghanistan)
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| Profit Motive | The driving force that encourages the increase in wealth
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| GDP (Gross Domestic Product) | Total value in dollars of all the final goods and services produced in a country during a single year
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| Globalization | Individual economies rely on each other for resources and markets
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| Tariffs | Taxes on imported goods
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| Export | To sell resources or goods to another country
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| Inflation | Increase in prices over a period of time
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| Profit | Money a business earns after all expenses have been met
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| Investment | Money committed in order to gain a profit
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| Command | In this type of economy the government controls the buying and selling of goods.
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| Market | In this type of economy the individuals control the buying and selling of goods.
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| Mixed | In this type of economy the government has some involvement in the economy but individuals decide what goods to buy and sell.
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| Traditional | This type of economy is based on bartering and trading
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| GDP per Capita | When you take the GDP and divide it by the population of the country
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| HDI- Human Development Index | Used to determine the social and economic development levels of countries
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| Renewable Resource | Water, sun, wind, air, soil, crops, and trees
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| Nonrenewable Resource | Coal, oil, diamonds, salt, iron-ore and copper
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To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
Reachbeth
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