World Geography Unit 4 Review
Review for economic geography test.
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Topics of this game:
- an economic system where private business operates in competition and free from government control.
- The economy is state run. Healthcare & Education are managed and administered by the government.
- Sector of the economy that provides services to consumers.
- Sector of the economy that extracts or harvests products from the earth.
- When farmers grow food crops to meet the needs of themselves and their families
- Sector of the economy where a raw material is transformed through manufacturing into a product.
- consists of intellectual activities often associated with technological innovation.
- a totalitarian inwhich a single authoritarian party controls state-owned means of production
- Businesses are individually owned and desire a profit. Price is determined by supply and demand.
- Typically only has a traditional economic system, primary economic activities and stage 2 on the DTM
- Typically has primary & secondary economic activities, falling birth & death rates.
- Typically has all four sectors of economic development, low stable death, birth rates and population
- goods bought and used by consumers, rather than by manufacturers for producing other goods.
- The government controls all means of production.
- process of interaction & integration among people, companies, and governments worldwide
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