“Factors of Economic Growth (II)” 7th Grade Social Studies

SS7E10 SS7E10: “The student will describe factors that influence economic growth and examine their presence or absence in India, China, and Japan.”

SS7E10c SS7E10c: “Explain the role of natural resources in a country’s economy. ”

SS7E10c Due to their large sizes and physical geography, China and India have high amounts of natural resources

SS7E10c These resources have helped their economies China and India have large quantities of coal

SS7E10c Due to its smaller size and physical geography, Japan has fewer natural resources: Japan is forced to import most of its raw materials Japan has many trade barriers in place to protect its economy

SS7E10d SS7E10d: “Describe the role of entrepreneurship.”

SS7E10d Entrepreneur: Someone who takes money and talents to start own business

SS7E10d Entrepreneurship is more common in nations that are closer to the Market side of the continuum

SS7E10d Entrepreneurship in S+E Asia is not limited to large businesses: There are many small businesses that are operated by individual entrepreneurs

SS7E10d Entrepreneurs can make significant contributions to a country’s economy