Economic Systems & Theory
Economies where the government decides what is produced and at what price. 2 words, starts with C. Example: North Korea
What are Command economies?
The part of the economy that extracts raw materials directly from nature. 2 words, starts with P
Primary Sector
A new idea, method, or product that creates positive change. Starts with I
Innovation
The state of being extremely poor. Starts with P
Poverty
A core belief or rule that guides behavior. Starts with P
Principle
A likelihood or pattern of behaving a certain way. Starts with T
Tendency
The part of the economy that manufactures finished goods from raw materials. 2 words, starts with S
Secondary Sector
The process of developing industries in a country or region. Starts with I
Industrialisation
Dishonest or illegal behavior, especially by people in power. Starts with C
Corrupt
Arranged or divided into categories based on shared qualities. Starts with C
Classified
The reason behind doing something. Starts with M
Motive
The part of the economy that provides services instead of goods. 2 words, starts with T
Tertiary Sector
The action of becoming larger or more extensive. Starts with E
Expansion
Exposed to the possibility of being harmed. Starts with V
Vulnerable
To happen at the same time as something else. Starts with C
Coincide
The first time a private company sells shares to the public. 3 words, starts with I._._
x2 bonus if you can name the whole thing
IPO - Initial Public Offering
The part of the economy focused on intellectual services, research, and IT. 2 words, starts with Q
The practice of farming: growing crops and raising animals. Starts with A
Agriculture
Causing great and often lasting damage. Starts with D
Devastating
The ability to recover quickly from difficulties. Starts with R
Resilience
A company whose shares are traded freely on a public stock exchange. 3 words, starts with P
P._._
PLC Public Limited Company
The business of giving expert advice to other companies. Starts with C
Consulting
To encourage or promote the development of something. Starts with F
Foster
A result or effect of an action or condition. Starts with C
Consequence
Proof or evidence that something exists or is true. Starts with T
Testament