Unit 3 Vocab Review

This area involves the production of foods and raw resources.

• Primary

• Tertiary

• Secondary

• Quarternary

Zones along the coast of southern Asia designed to attract foreign companies and investment to the country.

• Free Trade Zone

• Cottage Industry

• Special Economic Zones

• Protective Tarrifs

Because of the increased use of the internet more people have turned to ______ to purchase their goods.

• Cottage Industry

• Protective Tariffs

• Free Enterprise

• E-Commerce

A newly industrializing country is going through the process of _______.

• Globalization

• development

• Communist/Command

• Free Enterprise

Because of high labor costs many American owned companies will rely on ____ to save money.

• outsourcing

• demand

• supply

• e-commerce

To produce goods by hand - often times at home.

• Traditional Economy

• Cottage Industry

• Free Enterprise

• Supply

Groups of countries that have no tariffs or quotas for member countries.

• Free Enterprise System

• Communist/Command

• Free Trade Zones

• Special Economic Zones

The manufacture and production of goods.

• Primary

• Secondary

• Tertiary

• Quaternary

Services performed by people and businesses.

• Quaternary

• Primary

• Secondary

• Tertiary

Taxes on imports that make the goods from another country more expensive than a product made in the home country.

• Special Economic Zones

• Traditional Economy

• Protective Tariffs

• Globalization