Something is useful that helps us to achieve a goal or fulfill a function.
What is resource?
The most basic components of life.
The sector of the economy concerned with the production of goods and services.
What is Industry?
The method used by a society to produce and distribute goods and services
What is economic systems
The act of buying and selling between nations to satisfy absent needs and wants
What is Global Trade
Resources a society uses to further the creation of wealth such as factories, buildings or equipment
What is Capital Resources?
A type of resource which including climates, relief, geology and human settlement.
What is Land Resources?
I
What is Secondary sector?
Economic questions are answered by habits and customs
What is traditional economy
Contain the lack of sustainable development and environmental problems
What is the costs of Global Trade
Materials that can be found in nature and use to make a profit.
What is Natural Resources?
Three human factors that can affect food resources.
What is War, Debt and Technology?
A sector of industry include agriculture, fishing, forestry and all mining.
What is the Primary sector?
The government answers the basic economic questions
What is command economy
A corporation enterprise that manages production or delivers services in more than one country
What is a Multinational corporation
Some natural resources which can replace itself within a relatively short period of time
What is Renewable natural resources?
It helps grow food bigger and more resistant insects and different pesticides.
What is Genetically modified foods?
A sector of industry which also known as the research sector.
What is Quaternary sector?
Economic questions are answered by individual buyers and sellers
What is free market economy
A type of trade that no interference from government
A type of resource included teacher, engineer and doctor.
What is Human resources?
What is Distribution?
The step of cotton clothes are sold in high street shops in fashion industry.
What is Tertiary sector?
No economy is pure market, pure command or pure traditional, elements of each appear in all economies
What is mixed economy
A type of trade that aimed to help producers in developing countries and promote sustainability
What is fair trade