Government
What is a Command Economy?
All economic decisions are made by the Government.
What is natural resources?
“Gifts of Nature”
Resources that a country can use to supply the needs of its people naturally.
What is the meaning of Entrepreneurship?
The process of creating, developing, and managing a new business venture
What is Samsung's home country?
South Korea
What is a Market Economy?
Economic decisions are made based on the changes in prices that occur as buyers & sellers interact in the market place.
The government has no control over the economy; private citizens answer all economic questions.
What is the most abundant natural resource in India?
Fertile land and ample water supply
When did the Chinese government allow citizens to start businesses?
The late 1970's
Where is Apple products primarily assembled?
China
Why did the US help rebuild Japan?
To stop the spread of communism
What type of country does North Korea have?
Command Economy
What import does South Korea rely on?
Iron Ore
What is the rate of entrepreneurship in India?
High, balanced or low?
High rate
What is the home country of Hyundai & Kia?
South Korea
Where did the US drop atomic bombs?
Hiroshima & Nagasaki
Which country or countries have a Mixed Economy?
China
Japan
India
South Korea
What is a major industry in Japan?
Electronics or Manufacturing
What is North Korea's major natural resource?
Fish/Seafood
Who was the communist leader that planned the Great Leap Forward in China?
Mao Zedong
What is a Mixed Economy?
A mixed economic system is one that combines aspects of both capitalism and socialism. A mixed economic system accepts private property and permits economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims.
Who is the world’s largest importer of coal and natural gas?
Japan
What is one of South Korea's key business sectors?
Ai, Biotech or Fintech
What is Mr. Alston's Zodiac Sign?
BIG VIRGO!