Eastern Europe

Eastern Europe

Geography

Eastern Europe is generally considered to be borders by the Baltic and Barents seas on the north; the Adriatic, Black and Caspian seas and the Caucasus Mountains on the south; and the Ural Mountain on the East.

Major rivers in Eastern Europe are

• Vistula

• Danube

• Volga

• Dnepr

• Don

• Don

• Ural

Eastern Europe's major mineral resources are

Eastern Europe's major mineral resources are coal, iron ore, petroleum, natural gas, and bauxite.

Many of the former Soviet bloc nations

are still working to transition from a socialist to a capitalist economy.

Capitalism

is an economic system under which the means of

production are privately owned. Production and consumer prices are

based on a free-market system of “supply and demand.”

Socialist economy

is an economic system in which there is government ownership (often

referred to as “state run”) of goods and their production, with an impetus to

share work and wealth equally among the members of a society.

Open Ended

Write in your own words, 1 pro and con of socialist and capitalism economy.

Multiple Select

Eastern Europe major natural resources are

• iron ore

• pretoleum

• natural gas

• coal

• bauxite