Level 1
Materials in nature that can be used for economy
Natural resources
A system of production, resource allocation, and distribution of goods and services within a given geographic area.
Economic Systems
A natural substance that is not replenished with the speed at which it is consumed.
Nonrenewable Resources
The management of large amounts of money.
Finance
The dependence of two or more things on each other
Interdependence
To bring goods or services into a country from abroad for sale.
Import
A poor agricultural country that is seeking to become more advanced economically and socially.
Developing Country
A resource that can be used repeatedly and replaced naturally.
Renewable Resources
A poor agricultural country that is seeking to become more advanced economically and socially.
Developing Country
a fixed share of something that a person or group is entitled to receive or is bound to contribute.
Quota
To send goods or services to another country for sale.
Export
Developing economies that have advanced towards industrialization and might become developed, at some point, in the near future.
Newly Industrialized Country
international trade left to its natural course without tariffs, quotas, or other restrictions.
Free Trade
A tax or duty to be paid on a particular class of imports or exports.
Tariff
Taxes are a part of which term; Finance, economics systems, or tariff?
Tariff