Show:
Vocabulary
Vocabulary II
Economic Systems
Economic Activities II
Economic Systems III
100

What England was before capitalism

Fudalism

100
basic support system needed to keep an economy going such as roads, water and education.
What is infrastructure?
100
The government makes ALL the economic decisions.
What is Communist economic system?
100
List the four economic activities.
What is Primary, Secondary, Tertiary, and Quaternary.
100
This economic system has economic characteristics that are passed down through generations.
What is traditional?
200

The collection of exchanges where the buying, selling, and issuance of shares of publicly held companies take place.

Stock Market

200
people who buy goods and services are called...
What is consumers?
200
The people make the ALL the economic decisions.
What is Free Enterprise economic system?
200
This job provides a service.
What is tertiary economic activity?
200
The USA is closest to this type of economic system.
What is free enterprise?
300

The act of trading goods or services between two or more parties without the use of money

Barter System

300
people and companies that make and sell goods
What are producers?
300
This economy allows for the greatest gains, as well as the risk of losing it all.
What is Free Enterprise economic system?
300
This job usually earns the least amount of money.
What is primary economic activity?
300
This economy is also known as Capitalism.
What is free enterprise?
400

Century when industrial capitalism started in England

18th century

400
"start-up" money to begin a new business is known as
What is capital?
400
North Korea and Cuba would be close to what economic system on the economic spectrum?
What is Communist/Command?
400
This job focuses on manufacturing.
What is secondary economic activity?
400
Advantages of this economy are government provided education and health care.
What is Communist?
500

A country that uses economic freedom (capitalism), but also allows for government intervention (socialism)

USA

500
making only enough goods for your family to survive
What is subsistence?
500
In this economy, many needs are met but not the wants of the consumers.
What is Communism?
500
This job usually requires the highest level of education and usually earns the most money.
What is Quaternary economic activity?
500
Rural places in Africa may practice this type of economic system.
What is Traditional?