Where one grows their own food and makes their own goods. Trade amongst others to obtain what they need. Mostly in remote areas

Private ownership of stores and Businesses. Free Trade. Competition amongst Business. Consumers can Buy and Sell what they want. Prices determined by Supply and Demand. Called Capitalism.

A system in which the government makes all economic decisions. Government decides what goods are produced. How much to produce. What the prices will be. Called Communism

Countries with Strong Economies. High quality of life. Highly industrialized Good Healthcare and Education High per capita Gross domestic Product Technologically Advanced

Countries on the rise financially. Less productive economies Lower quality of life Much of the population are Farmers. Poorer education and healthcare Low per capita Gross domestic product. Less Technological