Geography and Economic Vocab

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Mixed Economy

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Combines elements of market and command economies.

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Sierra Madres

Back

Mountain range located in Mexico.

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Bible

Back

Sacred text of Christianity.

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Standard of Living

Back

Measure of health, education, and skills.

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Alps

Back

Major mountain range in Europe, north of Italy.

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Market Economy

Back

An economic system where decisions are made by individuals based on supply and demand.

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Command Economy

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An economic system where the government makes all decisions about production and distribution.

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Traditional Economy

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An economic system based on customs and traditions.

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Quality of Life

Back

The general well-being of individuals and societies.

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Pyrenees

Back

Mountain range located between France and Spain.