Geo8 Unit 2 Quiz

Someone who wants to start a business. Is what?

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

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

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

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

What is a Mixed Economy?

What is a push factor?

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

What is a Market Economy?

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

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

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

What is a Traditional Economy?

What is a Command Economy?

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

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

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

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

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

What is a Free Market Economy?

What is a pull factor?