economics

which type of economic activities would most likely be found in a newly industrialized country

people meet basic needs, no extras mainly subsistence, agri, most decisions made on customs

the involvement of production of foods and the extraction of resources. ex growing crops

govt sets economic goals to be met no private ownership work together share everything equal

Japan has few natural resources but it has the highest developed economies in the world, why

countries generally specialize in producing particular goods, what is result of specialization

a country moves closer to becoming newly industrialized it tends to

naturally occurring goods/soil, minerals these are natural resources they are not man made

manufacture and production of goods such asthe making of textiles and furniture

people freely produce and buy what they want when they want it

In which economic system would you expect the widest selection of consumer goods

which play the greatest indetermining the distribution of goods and services in free enterprise

which is a major feature of an economy based on subsistence farming

goods which are used in the production of other goods, such as machinery tools and buildings

an essential characteristic of a communist economy is the interaction of supply and demand

which is a central characteristic of a free market economy

govt owns some basic industries some private ownership govt provides low cost school healthcare

 statement provides a reason why countries and regions specialize in their economic activities

which statement is true for a country w/a large number of people engaged in quaternary economic

In a traditional economy system info about the way goods are produced/are passed from who

which characteristic is typical of a less developed country

a newly industrialized nation is usually characterized by having

includes the human effort that is used inproduction include the people who produce make or work

which is an example of a secondary economic activity

which statement describes an aspect of a traditional economy

In a socialist economic system, the government

ability to organize, combine factors of production, includes managers organizing and planning

consists of those involving info processing and management/ occupation computer programmer 

deals with services /teacher/nurse/doctor