Factors of Production
This factor focuses on the gathering of resources.
Land
This former planned economy was the home to Fidel Castro, is the current home of Havana and is in the Caribbean Sea.
Cuba
Hola, amigos! This example of a market economy is part of the USMCA, formerly known as NAFTA with the United States and Canada.
Mexico
Hej! This example of a mixed economy is part of the Scandinavian Peninsula and is the birthplace of inexpensive, flat pack furniture.
An example of this word is the need for scream in Monstropolis.
Demand
This factor focuses on the tools necessary to create products.
Labor
This former planned economy is one of the largest land masses in Asia.
Russia
Howdy! This market economy is the home to Disneyland, the Empire State Building and Florida.
United States of America.
Oki! This example of a market economy is a former British Colony and is the birthplace of basketball.
Canada
This is the another way to describe the number of items offered.
Supply
This factor focuses on the man power necessary for the creation of products.
Labor
This former planned economy is sometimes referred to as the "Sleeping Dragon" and is the second largest country in Asia.
China
Ola! This example of a market economy is home to the beaches of Copacabana, Pele and Sugarloaf Mountain.
Brazil
Heya! This former British colony is both a continent and a country and refers to sweatpants as trackies and has a bouncy animal as its mascot.
Australia
If you buy something, you become this.
Consumer
This factor focuses on the investment, both physical and monetary, to get an enterprise off the ground.
Capital
This former planned economy was a French colony and is the home to Ms. Woods' second favorite food, pho.
Vietnam
Hallo. This example of a market economy is known for its neutrality in all world wars, chocolate, and massive international banks.
Switzerland
Kia ora koutou! This former British colony is an isthmus, or a chain of islands, that can experience 4 seasons in one day and was the filming location for the Lord of the Rings movies.
New Zealand
This definition describes a type of economy that uses laissez-faire approaches to government involvement but instead relies on laissez-faire or the invisible hand of the market to guide production.
Market economy
This factor is often considered the fourth factor of production, but can often go overlooked. This factor focuses on the name of the skill attributed to starting your own business.
Entrepreneurship.
This former planned economy confiscates foreign visitor's phones and currently has a demilitarized zone between it's southern neighbor.
North Korea
Konnichiwa. This example of a market economy is an island country in the Pacific Ocean, known for its innovative technology, attention to detail and lengthy work days.
Top of the morning to you! This example of a mixed economy was a colonizer known for its rapid expansion of territory all over the globe. It is made up of one main island that includes 3 separate countries and one half of an island.
United Kingdom
This definition describes a type of economy has some government control and some free market elements.
Mixed economy