Unit 6 Review

The system in which a country produces, consumes, and distributes resources and goods.

The sector of an economy that is responsible for extracting raw materials that will be manufactured into different products. Extraction involves mining, fishing, farming, or hunting.

The sector of the economy in which raw materials are processed in places like factories. Manufactured products include steel and rubber.

The sector in the economy that moves, sells, and trades manufactured products. Also known as the service economy.

In More Developed Countries, the sector in the economy that is responsible for the creation and transfer of information. Includes universities, researchers, news media, and technology specialists.

In More Developed Countries, the sector in the economy that is made up of government agencies and workers that manage and regulate the country's economy.

A more advanced and industrialized country with a higher concentration of wealth.

Countries that have low levels of industrialization, limited economic development, and less wealth.

This measures the total economic output of goods and services developed and produced in a country or state over a given period of time.

The United Nations developed this model to measure people's access to education (literacy rates), healthcare (life expectancy), and general welfare, not just economic growth or opportunity.