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Physical Geography Lesson 3 The World's Economy

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Term
Definition
show a resource that can be totally replaced or is always available  
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nonrenewable resource   show
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show how a society decides on the ownership and distribution of its economic resources  
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show an economy where resources are distributed mainly through families  
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show an economy in which most of the means of production are privately owned  
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command economy   show
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show an economy in which parts of the economy are privately owned and parts are owned by the government  
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gross domestic product   show
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standard of living   show
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productivity   show
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show to send a product produced in one country to another country  
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show when a country brings in a product from another country  
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show arrangement whereby a group of countries decides to set little to no tariffs on quotas  
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show the economic principle by which a country works to create conditions where all the natural resources are meeting the needs of a society are available  
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