The World's Economies (Mr. Show)

Front

This type of economy is heavily built on agriculture and is found mostly in developing countries.

Back

traditional

Front

An economy where production and distribution are based on supply and demand (the means of production are privately owned).

Back

market

Front

A central authority or government is in control of the production, manufacturing, and distribution of goods and services within a country.

Back

command

Front

Parts of the economy (production and distribution) are controlled both privately and by the government.

Back

mixed

Front

The labor (work), skills, and talents that people contribute to help meet our wants and needs are called...

Back

human resources

Front

The main goal of countries is to achieve _______________. Making sure future generations have the resources they need to survive and prosper.

Back

sustainability

Front

The use of knowledge or tools and machines used to make improvements or to solve a problem. It's the skills, methods, and processes used to achieve goals.

Back

technology

Front

Materials or substances such as minerals, forests, water, and fertile land that occur in nature and can be used for economic gain.

Back

natural resources

Front

human work or effort used to produce a good or service.

Back

labor

Front

This includes the factories, machinery, tools, equipment, and buildings that are used to make the product or good.

Back

capital