A | B |
primary industries | activities that directly use natural resources and raw materials-located at or near the sources |
secondary industries | takes primary goods and change them into products useful to consumers |
tertiary industries | provide services to industries, communities, and individual consumers |
quaternary industries | performed by professionals having specialized skills or knowledge |
gross national product | total value of goods and services produced by a country in a year |
gross domestic product | only those goods and services produced within a country and does not include income earned outside the country |
literacy | ability to read or write |
infrastructure | necessary to build industries and to move goods in and out of a country quickly and easily |
telecommunications | electronically transmitted communication |
developed countries | world's wealthy countries-good educational system, health care, industry |
developing countries | poorer countries-subsistence farming, few industry |
foreign aid | developed countries help developing countries with loans and gifts of money to ease human suffering |
multinational companies | build factories in many poor countries around the world |
free enterprise | prices are determined mostly through competition |
capitalism | resources, industries, and businesses are owned by private individuals |
market economy | consumers determine what is to be bought or sold by buying or not buying |
command economies | government determines wages, kinds of goods produced, and prices |
communism | economic and political system that the government owns or controls all means of production |
birthrate | number of births per 1000 people in a year |
death rate | number of deaths per 1000 people in a year |
emigrant | someone who moves out of a country |
immigrant | someone who moves into a country |