Agriculture
List three most common crops.
What are corn, what and rice?
What does GDP stand for?
What is Gross Domestic Product (GDP)?
Name one example of an economic branch.
What is agriculture?
What term describes the increased interconnectedness and interdependence of world cultures and economies?
What is globalization?
What are services?
What are non-material goods that cannot be touched but are offered through service.
What is the process of cultivating plants and livestock for food and other products called?
What is agriculture?
What is the primary source of funding for public services?
What are taxes?
What was a significant impact of the Industrial Revolution?
What is increased productivity and urbanization?
Name a major challenge of globalization.
What are economic disparities or environmental concerns?
What is one example of a public service?
What is education or healthcare?
Name three factors that influence agriculture. .
What are climate and weather patterns, soil quality, and water availability.
Why do countries specialize in certain economic sectors?
What is due to the availability of resources and skills?
Name a branch of industry that focuses on producing consumer goods.
What is light industry?
Name one global company that specializes in consumer electronics.
What is Apple?
What is the main difference between public and private services?
What is public services are provided by the government, while private services are offered for profit?
What percentage of Earth's land is used as cropland or pastures?
What is 21%?
Name one challenge faced by the service economy.
What is market competition or affordability?
What is the impact of automation in industry?
What is it increases efficiency and productivity, allowing for faster production and reduced labor costs.
What role do multinational corporations play in globalization?
What is they help in the rise of global markets and products?
Name one challenge faced by private services.
What is market competition?
What does GMO stand for and what is its purpose in agriculture?
What is Genetically Modified Organism, used to enhance desirable traits in plants?
What is "economic specialization"?
What is the focus of a country on producing goods and services that it can produce most efficiently.
Define fair trade and its importance in the industry.
What is a method of trading that ensures producers receive fair prices and promotes safe working conditions?
What is the effect of globalization on local cultures?
What can lead to cultural homogenization?
What does privatization of public services mean?
What is the transfer of public services to the private sector?