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“Factors of Economic Growth (II)”
7th Grade Social Studies
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SS7E10 SS7E10: “The student will describe factors that influence economic growth and examine their presence or absence in India, China, and Japan.”
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SS7E10c SS7E10c: “Explain the role of natural resources in a country’s economy. ”
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SS7E10c Due to their large sizes and physical geography, China and India have high amounts of natural resources
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SS7E10c These resources have helped their economies
China and India have large quantities of coal
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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
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SS7E10d SS7E10d: “Describe the role of entrepreneurship.”
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SS7E10d Entrepreneur: Someone who takes money and talents to start own business
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SS7E10d Entrepreneurship is more common in nations that are closer to the Market side of the continuum
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SS7E10d Entrepreneurship in S+E Asia is not limited to large businesses: There are many small businesses that are operated by individual entrepreneurs
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SS7E10d Entrepreneurs can make significant contributions to a country’s economy
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