Geo8 Unit 2 Quiz

Someone who wants to start a business. Is what?

What is a Command Economy?

Raw materials from the earth. Includes water, soil, minerals, oil, animals, and energy resources. Is what?

Taking raw materials from the environment like lumber, gold, oil, coal, fish, agricultural products. Which industry?

What is a Mixed Economy?

What is a Market Economy?

Uses natural resources to create goods through manufacturing. Which industry?

What is a pull factor?

Investment money & the goods that it provides. Includes the foreign investments needed to start new businesses. This is?

A person or organization that provides something needed like a product or service Ex: TPS, Movie Theatres, Amazon, etc.

What is a Traditional Economy?

Buyers that take an interest in the QUALITY of the goods and services produced Ex: Removing excess salt from food

When tourists bring money into an economy where it stays and recirculates

A person, company, or country that makes, grows, or supplies goods for sale is a? Ex: Microsoft, Nike, Etc

What is a Free Market Economy?

People that work at different skill levels in the labour force. This is?

What is a push factor?

Someone who buys and uses services Ex: People (us)

Provides services that support the primary and secondary industries. Which industry?

They organize the production of goods so that there is a continually stable market and price.

Buyers that take an interest in the QUALITY of the goods and services produced