Crash Course Geography 38 Capitalism

What is economic geography primarily concerned with?

• The study of cultural differences and similarities across regions.

• The study of political systems and their influence on society.

• The study of where and how people earn a living.

• The study of historical events and their impact on the world.

What type of economy is based on extracting raw goods?

• Secondary economy

• Tertiary economy

• Primary economy

• Quaternary economy

Which country has a booming industrial or secondary economy in the 2020s?

• Germany

• Bulgaria

• Russia

• France

What political economic system is dominated by private business ownership and free market?

• Socialism

• Capitalism

• Feudalism

• Communism

What does a tertiary economy include?

• Extracting raw materials

• Research and development

• Manufacturing goods

• Service sector activities

What was Bulgaria's economy heavily reliant on during its communist days?

• International trade

• Technology and innovation

• Primary activities

• Service sector

What type of political economy strives to replace private property with public ownership?

• Capitalism

• Communism

• Monarchy

• Socialism

What is the informal economy?

• Jobs and businesses not regulated or protected by the state.

• Economic activities regulated and protected by the state.

• Government-owned and operated industries.

• International trade agreements between countries.

What does political economy study?

• The design of political campaigns.

• The history of political movements.

• The study of economic systems without political influence.

• The interaction between economics and politics.

What significant event happened in Bulgaria in 1990?

• It adopted a monarchy system.

• It joined the European Union.

• It held democratic elections.

• It became a communist state.