Europe
Name for the combined continent of Europe and Asia
Eurasia
metrics used to assess the progress and quality of development in a country or region
Development Indicators
ideology based on private ownership of the means of production and individual economic freedom
Capitalism
economic activities that focus on collecting, extracting, or harvesting natural resources
Primary Economic Activities
Mountain range that serves as the natural boundary between Europe and Asia, called "the Great Divide"
Ural Mountains
Statistical measures that provide insights into the overall health, performance, and trends of an economy
Economic Indicators
ideology based on shared ownership of the means of production
Communism (socialism)
Economic activities that deal with the intellectual or knowledge based part of the economy (software development, stock market, medicine, etc.)
Quaternary Economic Activties
increased flow of trade, people, investment, technology, culture and ideas among countries
Globalization
Do most Europeans speak one language or multiple languages?
Multiple languages
Statistical measures that provide insights into the well-being and quality of life of individuals within a society. Assess the social conditions and overall development of a population
Social Indicators
Capitalistic economy with private ownership of businesses and production based on supply and demand
Economic activities that deal with sale or exchange of goods
Tertiary Economic Activities
Large firms that operate in more than one country that produce goods & services to sell around the world
Multinational Corporations
Most prominent religion in Europe
Christianity
the total monetary value of all goods and services produced within a country's borders over a specific time period
Gross Domestic Product (GDP)
economy where businesses are controlled by the government and production is based upon the governments own self-interest
Command Economy
Economic activities that deal with manufacturing finished goods
Secondary Economic Activities
Factories or working conditions where workers are exploited for very low wages
Sweatshops
The majority of European governments are __________, where elected officials govern the land?
Republics (democracies)
economic output that accounts for a country's population size, calculated by dividing the Gross Domestic Product (GDP) by the total population of the country
GDP Per Capita
economy directed to basic subsistence, the provision of food, clothing, and shelter, rather than to the market
Traditional Economy
Would walking into Taco Bell and buying a taco be part of the primary, secondary, tertiary, or quaternary economic activities of that company (Taco Bell)?
Tertiary Economic Activities
Business decision where a multinational corporation eliminates a job in the country where they are headquarter and instead has somebody in another country do that job
Outsourcing