Economics, Global Sneaker, Micro-Entrepreneur Key Terms

Economic value

• Asset
• Economic Questions
• Export
• Exploit

Individuals own the business and make decisions

• Capitalism
• Demand Economy
• Communist
• Traditional Economy

Characteristics of developed nations

• Health, Wealth, Education, Tech, and Urban
• Urban, Health, Education, and Technology
• Wealth, Health, Economics, Teach, and Urban
• Health, Width, Ed, Tech, and Rural

Conflict between groups of people from the same country

• Civil War
• Drought
• Foreign Investment
• Exploit

Government ownership of business

• Command Economy
• Free Market Economy
• Traditional Economy
• Informal Economy

A person who purchases goods and services

• Consumer
• Manufactuer
• Economic Interdependence
• Free Trade

Country with a modern industrial society and a well-developed economy

• Developed Nation
• Developing Nation
• Economic Interdependence

Economically and technologically disadvantaged, but working to improve

• Developing Nation
• Developed Nation
• Economic Interdependence

to share or send to a group

• Distribution
• Economic Interdependence
• Foreign Investment
• Free Trade

A long period without precipitation

• Drought
• Desert
• Seasons
• Monsoon