WorksheetsGlobal Economy
Total questions: 11
Worksheet time: 6mins
Exchange of goods and services
capital
global economy
Trade
global economy
The interconnected economies of the nations of the world.
An economy in which production is based on customs and traditions and economic roles are typically passed down from one generation to the next.
Exchange of goods and services
using resources in such a way as to maximize the production of goods and services
global economy
Efficiency
trade
wealth in the form of money or other assets owned by a person or organization or available or contributed for a particular purpose such as starting a company or investing.
Capital
Government involvement
global economy
any action carried out by the government or public entity that affects the market economy with the direct objective of having an impact in the economy
Capital
Government involvement
Traditional Economy
Historical Precedents
Traditional Economy
An economy in which production is based on customs and traditions and economic roles are typically passed down from one generation to the next.
any action carried out by the government or public entity that affects the market economy with the direct objective of having an impact in the economy
wealth in the form of money or other assets owned by a person or organization or available or contributed for a particular purpose such as starting a company or investing.
Past decisions influence current decisions
mixed economy
Historical Precedents
Traditional Economy
An economic system in which prices and wages are determined by unrestricted competition between businesses, without government regulation or fear of monopolies.
mixed economy
free market
An economy in which private enterprise exists in combination with a considerable amount of government regulation and promotion.
mixed economy
free market
Traditional Economy
the part of the national economy that is not under direct government control.
private sector
public sector
the part of an economy that is controlled by the government.
private sector
public sector
