Economics

Who controls and owns everything in a communist system?

• The people

• The businesses

• The government

What economic sector generates research and new knowledge?

• Primary

• Quaternary

• Secondary

• Tertiary

Which economic sector collects natural resources from the environment?

• Primary

• Secondary

• Tertiary

• Quaternary

A developing country will have a...

• high GDP per capita

• lower GDP per capita

A developed country will have a...

• High Life Expectancy

• Low Life Expectany

Where would people likely take place in subsitence agriculture and cottage industries?

• Rural settings
• Urban settings

What is subsistence agriculture

• When people farm to feed themselves
• When people farm to make money

What is a cottage industry?

• When people make goods in a home
• When poeple make goods in a factory

A business or manufacturing activity carried on in a person's home.

• Commercial Industries

• Cottage Industries

A big business that uses mass manufacturing in factories.

• Commercial industries

• Cottage industries