chapter 6 Flashcards
1
Q
Another type of economy.
A
market economy
2
Q
guided by the system
A
free enterprise
3
Q
business,industries,and resources privately owned
A
capitalism
4
Q
government decides what to produce
A
command economy
5
Q
economic and political system in which the government owns
A
communism
6
Q
total number of goods and services that a country produces in a year.
A
gross national product
7
Q
includes only goods and services created within a country
A
gross domestic product
8
Q
process which manufacturing based on machine power widespread in a area.
A
industrialization
9
Q
percentage of people who can read and write.
A
literacy rate
10
Q
The richest countries.
A
developed countries
11
Q
a system of roads.
A
infrastructure
12
Q
the worlds poorer countries
A
developing countries
