WorksheetsGlobal Business Key Terms
Total questions: 11
Worksheet time: 6mins
Globalization is ...
the interaction between the various countries of the world.
a country relying on itself to produce what it needs.
the term that describes pollution created when products are produced.
Interdependence is...
the dependence upon other countries resulting in the trade for goods and services.
the interaction between the various countries of the world.
the dependence on only your family to help you.
A system of economics based on the private ownership of businesses and the products (goods and services) made and sold
Chain Of Production
Economics
Capitalism
Scarcity
A process to control the amount of goods and services being used; typically when there is scarcity
Scarcity
Rationing
Chain Of Production
Economics
A condition of limited resources and unlimited wants
Scarcity
Capital
Capitalism
Rationing
an economic system based on public or collective (such as government) ownership of resources and production
Rationing
GDP
Scarcity
Socialism
Refers to Money: specifically financial assets or the financial value of someone's assets
Capital
Scarcity
GDP
Chain Of Production
The total market value of all the goods and services produced by a country during a specified period
Rationing
Socialism
GDP
Globalization
The study of how a society manages all of its resources to produce and distribute goods and services
Socialism
Scarcity
GDP
Economics
The development and movement of goods and services through an economic system
Economics
Chain of Production
scarcity
Socialism
The interaction between the various countries of the world
Interdependence
Scarcity
Socialism
Globalization
