chpt 6 Flashcards
1
Q
freely choose what to buy or sell
A
market economy
2
Q
competition between businesses determine prices
A
free enterprise
3
Q
privately owned
A
capitalism
4
Q
government decides what to produce
A
command economy
5
Q
economic and political system
A
communism
6
Q
total value of goods and services
A
gross national product
7
Q
only goods and services within the country
A
gross domestic product
8
Q
process of manufacturing
A
industrialism
9
Q
percentage of people who can read and write
A
literacy rate
10
Q
the richest countries
A
developed country
11
Q
system of roads and ports
A
infrastructure
12
Q
the worlds poorest counties
A
developing countries
13
Q
grow plants and tame animals
A
domestic m
14
Q
towns and cities
A
urbanization
15
Q
separate countries from each other mountains
A
natural boundaries
