For whomever the government tells you to produce (ideally the entire society).
100
________ has a diversified economy with large service, manufacturing, and agriculture sectors.
Turkey.
100
How do Japeness Produce?
Detemine thier own production processes.
100
How much of Turkey's production exported?
One fifth
100
What is the meaning of Human Capital?
Education and training of workers whether formal or on-the-job!
200
For Whom to produce in a Command Economic.
For whomever the consumers tell you to produce.
200
Since ____, ______ has slowly allowed the markets to open up to the private sector and foreign businesses.
1991 & India.
200
How to Produce in North Korea?
Determined by the government.
200
In India how do they detemine who is it produced for?
They determine by supply and demand.
200
_____________ provide a procedure for determining the value of one country's currency in terms of another country's currency.
Exchange Rates
300
What & How to produce in a Market Economic?
Whatever consumers say to produce & however consumers tell you to produce.
300
Although there have been some small market reforms recently, the majoity o legal economic activities are centrally controlled by the governmernt. What country is to produce?
North Korea
300
Since the late ____s, _________ has gradully moved from a government directed economy to more private enterprise.
1980 & Turkey
300
One third of _______ ________'s GDP i sbased on exports to other countries.
Saudi Arabia
300
What is meaning of Entrepreneur?
A person who risks their own money to try to start a business!
400
What & How to produce in a Command Economic.
Whatever the government says to produce & however the government tells you to produce.
400
________ ___________ is the world's leading producer of oil.
Saudi Arabia
400
Over ___% of the ___ _______ in the country is operated by the government.
95 & oil industry.
400
What economic question answers the following
: the private sector production goods and services for domestic and international markets.
Based on the market price system.
400
______________ is the resource that undertakes the risk of bringing the other resources together and initiating the production process
Entrepreneurship
500
What, How, For whom to produce in a Traditional Economic?
Whatever ritual, habit or custom dictates, however ritual, habit or custom dictates, & for whom ritual, habit or custom dictates.
500
The _________ ___________ government operates a relatively large social services sector and maintains state-run enterprises in area of housing, business development, education, basic services, and housing.
South African
500
State-run industries do not run efficiently, particularly in the area of agriculture and that limits ________'s growth.
China
500
46% of ________'s daily oil production is exported to the ________ __________.
Nigeria & United States
500
What is the meaning of Gross Domestic Product?
The total value of all goods and services produced within a country in a year.