Economic Geography

Key Terms

Economy (91)

Per Capita Income (94)

Gross National Product (94)

Gross Domestic Product (95)​

Genuine Progress Indicator

Developed Country

Economic Geography

Infrastructure is necessary to create wealth, but it also requires wealth to build infrastructure.

How do countries that don't have infrastructure or wealth develop?

Infrastructure

Types of Economies

Economic systems are classified into four types: Traditional, Command, Demand, and Mixed.

How does each work?

What are the advantages and disadvantages of each?

Why are most economies "mixed"?

Answer in a table with your group of four.

Define, leaving two spaces between each term.
Primary:
Secondary:
Tertiary:
Quaternary:

Think of a product with your partner. Explain what must happen at each level to bring your product to market.

Then, we'll discuss the effects of success and failure at each level and add them to your terms.

Levels of Economic Activity