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Chapter 4 Lesson 4

Chapter 4 Lesson 4

Assessment

Presentation

Geography

9th Grade

Practice Problem

Hard

Created by

Seth Kocer

Used 2+ times

FREE Resource

8 Slides • 4 Questions

1

Chapter 4 Lesson 4

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What and how many goods and services should be produced, how they should be produced, and who gets the goods and services that are produced.

Economic Systems

3

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goods and services are traded without exchanging money (barter)

Traditional

production of goods and services is determined by the demand from consumers (capitalism/demand)

Market

production of goods and services is determined by a central government, which usually owns the means of production.

Command

​3 Major Economic Systems

4

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a combination of command and market economies provides goods and services so that all people will benefit

Mixed Economy

5

Multiple Choice

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Exchange of goods and services without exchanging money is called what?

1

Traditional Economy

2

Market Economy

3

Command Economy

4

Mixed Economy

6

Multiple Choice

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Mixed economy is a combination of which 2 economies?

1

Command and Traditional

2

Market and Command

3

Traditional and Command

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gathering of raw materials for a final product.

​​Primary Activities

adding value to materials by changing their form.

Secondary Activities

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provide business or professional services in the economy

​​Tertiary Activities

provide information, management and research services by highly trained individuals.

Quaternary Activities

9

Industrialization, more technology and manufacturing

More developed

​Agriculture remains dominant, and exhibiting low socioeconomic development

​​Less Developed

Have moved from primarily agricultural activities to primarily manufacturing and industrial activities.

Newly Developed

Country Development Levels

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exchange of capital, labor, goods, and services across international borders or territories, involving the import and export of goods. In most countries, such trade represents a significant share of gross domestic product (GDP)

​​World Trade

Depending on what a country has they will either trade with another country, import goods, or if they have an abundance of a resource they could just export.

Imports and Exports

11

Multiple Choice

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When agriculture remains dominant and isn't primarily used for sale but is for subsistence farming.

1

More Developed Countries

2

Newly Developed Countries

3

Less Developed Countries

12

Multiple Select

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Provides business or professional services in an economy is what kind of activity?

1

Quaternary Activities

2

Primary Activities

3

Secondary Activities

4

Tertiary Activities

Chapter 4 Lesson 4

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