Profit Motive drives a ___________ system

Based on the chart who has a lower quality of life that country B?

Name the system that fits the following description BEST:

A system of shared ownership of resources which provide a more equal distribution of goods and services.

Name the system that fits the following description BEST:

A system based on the culture and traditions of the past.

Name the system that fits the following description BEST:

A system characterized by private (citizen) ownership of businesses and property (also referred to as capitalism)

Name the system that fits the following description BEST:

A system in which the government is in complete control of the economy.

What is this image be an example of?

North America is rich in natural resources which makes their economy successful. What relationship does this represent?

What two letters show areas with high population density? Check all that apply.

Which areas show commercial farming as their primary land use?

Which areas livestock raising as their primary land use?

Land, Labor, Entrepreneurs and Capital are _____________________.

_________ provides necessary economic natural resources.

We need __________ to ensure the production of goods and services stays high.

_______________ are needed to provide innovative ideas to have new goods and services in an economy.

Tools, equipment and factories used in production are examples of ___________________.

Goods and services are based on traditional trading. Production is based on what people need. Agriculture plays a big role and this economy is found in developing countries.

A labor shortage can lead to a _______________ production of goods and services.

__________ access to capital (tools, buildings, machinery, technology) allows for economic growth.

Entrepreneurs _______ economic growth by introducing innovative ideas and providing jobs and opportunities to citizens.

Based on the map we can say citizens in Africa have a __________ quality of life that those in North America.