1. Introducing Industry and Economic Development
AP Human Geography
Industrialization and Economic Development

2. For today, 02/15
Go to Socrative.com, ROOM , and finish the activity within the first 5 minutes of class.
You should be ready to jot down a few notes afterwards

3. Why do economic systems exist?
(1.) To determine what to produce. (2.) To determine how to produce. (3.) To determine who gets produced goods.

4. Defining a Country’s Economy
* Every country’s economy lies on a continuum between command and market economies. The difference between these two terms has to do with the amount of government involvement in economic affairs.
N. Korea
Singapore
Hong Kong
Russia
Sweden
U.S.A.
Cuba
China
Command
Market

5. Traditional Economy Goods made for selves and families (subsistence)
Typically found in rural, sparsely settled areas – it is NOT practiced by any individual country
Amazon Rain Forest
Masai of Tanzania
Papua New Guinea

6. United States
Norway
Argentina
Egypt
China
Rwanda
Colombia
France
Vietnam
Cuba
New Zealand
Ethiopia