Southeast Asia Economics

1. an economic system in which the political authorities make major

decisions regarding the production and distribution of goods and services

• Command

• Market

• Traditional

• Mixed

1. number limit on how many items of a particular product can be imported to a particular country

• Tariff

• Exchange Rate

• Embargo

• Quota

1. The price that one country’s currency (money)is compared to another country’s currency

• Tariff

• Exchange Rate

• Currency

• Import

The Value of ones work

• Capital Goods

• GDP

• Human Capital

• Literacy Rate

The total amount of goods and services that a country produces in one year

• Capital Goods

• GDP

• Export

• Specialization

the percentage of people who can read and write in a country

• Specialization

• Human Capital

• Literacy Rate

• capital Goods

a person who is willing to take a risk to start a business

• Entreprenuer

• Capital Goods

• Human Capital

• Capital

Gifts from the earth people use to meet their needs

• Natural Resources

• Standard Of Living

• Outsourcing

• Free Enterprise

any restriction that makes trade difficult or impossible

• Embargo

• Trade Barrier

• Import

• Export

tax on imported goods

• Embargo

• Quota

• tariff

• Specialization