ECONOMIC GEOGRAPHY VOCABULARY

Slides:



Advertisements
Similar presentations
After this unit you will be able to…
Advertisements

Economic Systems.
ECONOMIC SYSTEMS Essential Questions:
The Market System and the Circular Flow Chapter 2 McGraw-Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies, Inc. All rights reserved.
The Economic Spectrum How do different countries manage production, distribution, and trade? WG.10.B classify where specific countries fall along the.
The Global Economic Environment Chapter 2 Global Marketing.
Economic Systems.
By: Lucas P. & Leo Savoy. What is Human Development Index  Indicator that measures the overall development of a nation; Life expectancy at birth, longevity,
The Global Economic Environment
+ Please Note: These slides are meant to help students think about the material. They are not meant to replace reading the material or taking notes. Using.
Economic Systems LG2: Describe how the distribution of goods and services is determined in a Free Enterprise, Mixed/Socialist and a Command economy. Classify.
2 - 1 Economic Systems Evaluating Economic Performance Capitalism and Economic Freedom Economic Systems & Decision Making 2 C H A P T E R.
ECONOMIC SYSTEMS.
1 Announcing … Global broadband subscribers to 30 June 2005 Total: 176 million 115 million * 65% * choose DSL.
The Global Economic Environment The Coming Boom Wealthy Industrial Countries Developing Countries East Asia South Asia Latin America
3 Questions.
 Each economy has to answer three specific questions  How it answers these questions determines what kind of economy it is going to be.  The three.
The Market System and the Circular Flow Chapter 2.
DEVELOPMENT Development implies progress. In today’s world, this implies progress is being made in technology, production, and socioeconomic welfare (quality.
Economic Systems & Decision Making 2 C H A P T E R.
© 2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
Levels of Economic Development Levels of economic development are measured in goods and services available in a country.
Economic Geography People earning a living Economic Systems 4 money making activities: primary, secondary, tertiary & quaternary activities. 4 money.
First Impressions World Cultures Introduction to a Global World.
Fundamentals of Microeconomics Economic systems. Economic System ownership of the factors of production; methods to motivate, direct economic.
Economic Market Systems I can explain the production, distribution and consumption of goods and services in economy.
Traditional Economies Found in rural, developing nations Customs govern the economic decisions Technology is not readily available Farming, hunting,
The United States The Economy. What is GDP ? Gross Domestic Product (GDP): The total market (or dollar) value of all final goods and services produced.
Level of development and Human Development Index.
IT and HD. HDI Definition of 'Human Development Index - HDI‘ A tool developed by the United Nations to measure and rank countries' levels of social and.
Levels of Economic Development Levels of economic development are measured in goods and services available in a country.
Economic Systems. I. ?s - All Economic Systems Answer What and how many goods and services should be produced? How should goods and services be produced?
Types of Economic Systems. 3 Types of Economies How many basic types of economic systems are there? Name the economic systems. Which economic system.
The Market System and the Circular Flow Chapter 2.
Module Interpreting Real Gross Domestic Product KRUGMAN'S MACROECONOMICS for AP* 11 Margaret Ray and David Anderson.
Mystery nations revealed: Country A: Argentina Population: 37,384,816 Per capita GDP: $12,900 Life expectancy: yrs Literacy rate: 96.2% Infant mortality.
What is Economics? Economics- production, distribution, and use of goods and services – Simple Definition: The study of how people meet their needs People.
Growing Economies 4.1 Globalisation.
Flag Quiz #1 10 Flags.
9/8 Update your agenda!.
Chapter 2 The Market System and the Circular Flow McGraw-Hill/Irwin
Chapter 2 The Market System and the Circular Flow McGraw-Hill/Irwin
Economic Systems.
Free Enterprise Market Economy vs. Command Economy
Free Enterprise Market Economy vs. Command Economy
All are components of the factors of production EXCEPT ___.
Transparency International annually produce their index on Corruption Perceptions. The report ranks over 160 countries according to the level of perceived.
United Arab Emirates**
The Economic Spectrum How do different countries manage production, distribution, and trade? WG.10.B classify where specific countries fall along the.
Capitalism, Socialism, and Communism
Different Economic Systems
ECONOMIC GROWTH IN DEVELOPING NATIONS
LIVING STANDARDS.
Economic Systems.
Economic Systems.
Economic Systems.
Wed/Thurs (10/31-11/1) Warm Up:
Warm up Who decides what goods are marketed and sold in the United States?
International Business Chapter 2 Economics and Decision Making
Economic Geography.
Get out your CNN 10 worksheet
Economic systems.
All are components of the factors of production EXCEPT ___.
Economic Systems.
What will be produced? How will it be produced? Who will benefit?
Economic Systems.
List the most powerful women in the world…
2006 Rank Adjusted for Purchasing Power
Chapter 4 The Economic Environment
Top ten things you need to know
Presentation transcript:

ECONOMIC GEOGRAPHY VOCABULARY What makes the world go around?

Free enterprise system (capitalism) An economic system in which private individuals own the factors of production and meet consumer demands. Examples: The emphasis is making a profit by producing what people WANT. USA Hong Kong Japan

Command economy (Communism) An economic system in which the government owns all the factors of production (and distribution) The government decides what will be built, how many, what color, and for what price. What the consumer wants is not a consideration. Examples: Cuba, North Korea, former Soviet Union China?

Socialism An economic system in which the government owns the MAJOR factors of production and determines what is produced. “Socialism" means the ownership and control of the means of by the state, or more broadly any form of central planning by the state. The importance of “being fair” to all is stressed. The government may take from one and give to those with less. *Examples: Canada, France, Sweden

Infrastructure The basic support system needed to keep the economy going.

Human Development Index United Nations ranking of living standards of every country in the world based on literacy rate, education, gdp per capita, and life expectancy. 1. Norway Sweden Australia Canada Netherlands Belgium Iceland USA Japan Ireland Mali Burkina Faso Liberia Chad Guinnea-Bissau Mozambique Burundi Niger Democratic Rep. of the Congo 174. Zimbabwe

Feedback: Privacy Policy Feedback
Do Not Sell My Personal Information
About project: SlidePlayer Terms of Service

© 2024 SlidePlayer.com. Inc. All rights reserved.