Global village

What is the definition of global village?

• A world where people live their lives separately

• When people around the world the world get together

• Driving my friends car to work

The definition of a command economy is

• a large part of the economic system is controlled by a centralized power.

• The economy is controlled by the farmers

• In a command economy people usually sustain themselves without the government

The definition of economy is

• Selling of goods and services

• the state of a country or region in terms of the production and consumption of goods and services and the supply of money

• How a country makes money through trade and commerce

The traditional economy

• Taxes are very high and normally b people remain poor

• The government controls all the resources and people should follow what the government says

• tend to be rural, second- or third-world, and closely tied to the land, usually through farming

Market economy refers to

• The type of economy where people rely mainly on farming and production of local products

• In this type of economy, there is a separation between the government and the market.

• People control the economy

The most popular global sport

• cricket

• Basketball

• volleyball

• soccer

Global sports refer to

• A type of sport where the players have to hold a globe in their hands

• A sport that is played in every country around the world

• a completion where countries all over the world compete in different sports.

Olympic sports

• Happens every four years

• Has more than 150 nations participating

• Is only for men.

The definition of Resources

• a source or supply from which a benefit is produced and that has some utility

• Something you can use to make money

• people can use their gardens as resource to grow crops and sell their crops at the market

Trade means:

• To go to the market and give everybody free food

• Selling your vegetables in the market in exchange for money

• the business of buying and selling or bartering commodities