Energy and Industry
Coal, oil, and natural gas are examples of this type of energy resource.
What is nonrenewable energy?
This is the action of buying and selling goods and services.
What is trade?
This term describes a country with a mature, sophisticated economy and advanced infrastructure and technology(Describe in terms of development).
What is a developed or more developed country?
In this type of economy, individuals and businesses are generally free to decide what to produce and purchase.
What is market economy?
A company is involved in managing a large organization, making executive decisions, and providing high-level leadership. This activity would most likely be classified as this economic sector.
What is quinary?
Solar, wind, hydroelectric, and geothermal energy are examples of this type of energy.
What is renewable energy?
Companies that operate and conduct business in more than one country are called these.
What are transnational companies?
This term describes a country that is working to improve economically and socially and may still rely heavily on agriculture (Describe in terms of development).
What is a developing/emerging country?
In this type of economy, the government makes major decisions about what will be produced, how it will be produced, and who receives the products.
What is a command economy?
This level of economic activity involves extracting raw materials from the environment, such as farming, fishing, logging, and mining. This resembles activity in what sector?
What is the primary sector?
The Industrial Revolution began in this country.
What is Great Britain?
A company in the United States hires another company to perform work or produce a product that the U.S. company previously handled itself. This practice is known as this.
What is outsourcing?
This measurement looks at factors such as income, education, and life expectancy in order to compare them and scores on a scale of 0-1.
What is the Human Development Index?
Reindeer herders continue using traditional methods of producing goods that have been passed down for generations. This is an example of this type of economy.
What is a traditional economy?
Doctors, barbers, dentists, waiters, and lawn-care workers all provide this type of economic activity. This resembles activity in what sector?
What is the tertiary sector?
During the Industrial Revolution, many people moved from rural areas to cities primarily because of the availability of these kinds of jobs.
What are factory/manufacturing jobs?
This organization brings together countries that produce and export petroleum and works to coordinate petroleum policies among its members.
What is OPEC (Organization for Petroleum Exporting Countries)?
A country has high levels of education, long life expectancy, advanced infrastructure, and a strong economy. It would most likely be classified as what type of country (Core/Semi-periphery/Periphery)?
What is a core country?
A country allows businesses to compete and make many economic decisions, but the government also regulates, monitors, and taxes businesses. This economy is best described as this.
What is a mixed economy?
A research scientist developing new computer software would most likely work in this level of economic activity. This resembles activity in what sector?
What is the quaternary sector?
During the Industrial Revolution, production shifted from small-scale, handmade goods produced in homes to large-scale manufacturing in factories. What major economic change does this shift represent?
What is from the cottage-making industry to factory-based production?
This organization works to promote international trade by creating rules and helping countries resolve trade disputes.
What is the World Trade Organization?
A country has an economy heavily dependent on agriculture and the extraction of raw materials, has lower levels of development, and has limited economic power in the global economy. This country would most likely be classified as what (Core/Semi-periphery/Periphery)?
What is a periphery country?
Name and provide an example of a country for each type of economic system.
What is a traditional economy (remember the video- no countries have this type of economy!), command economy(North Korea), market economy (Australia, Japan, or Great Britain), mixed economy (United States)?
A factory turns cotton into shirts. This is an example of this level of economic activity. This resembles activity in what sector?
What is the secondary sector?