| A | B |
|---|
| - Democracy | is a form of government in which the people elect leaders and rule by majority. |
| - Communism | is a political system in which the government owns all property and dominates all aspects of life in a country. |
| - Market economy | is a system based on private ownership, free trade, and competition. |
| - Command economy | a system in which the central government makes all economic decisions. |
| - Gross domestic product (GDP): | is the value of all goods and services produced within a country in a single year. |
| - Developed countries | countries with strong economies and a high quality of life. |
| - Developing countries | countries with less productive economies and a lower quality of life. |
| economic activities | are ways in which people make a living |
