Global Economies

Land, Labor, Capital, and Enterprise make up the four....

• Types of Jobs

• Factors of Production

• Wonders of the World

• World Governments

Land, Water, Oil, or the Sun are all

• Nonrenewable Resources

• Types of Econonomies

• Fossil Fuels

• Natural Resources

the amount of goods and services that are available for people to buy

• Supply

• Demand

the amount of goods and services that people want to buy

• Supply

• Demand

having the freedom to own your own land and businesses

• Free Enterprise

• Command Economy

• Socialism

In which system is there some private ownership of businesses, but the government controls certain industries

• Free Enterprise

• Command Economy

• Socialism

They type of economy where all property is controlled by the government

• Free Enterprise

• Command Economy

• Socialism

A country with low GDP and low literacy rates is...

• developed

• developing

• underdeveloped

A country with high GDP and high literacy rates is...

• developed

• developing

• underdeveloped

What is an import?

• factors of production

• a product that is import....ant

• products to send to another country

• products brought into a country to be sold there