| A | B |
|---|
| free enterprise | system that lets competition among businesses determine the price of products |
| communism | an economic and political system in which the government owns or controls almost all the means of production |
| Gross Domestic Product | (GDP) the total value of goods and services that a country produces in a year |
| developed countries | countries with high levels of industrialization and high standards of living |
| developing countries | countries with less productive economies than developed countries and low standards of living |
| infrastructure | system of roads, ports, and other facilities needed by a modern economy |
| arable land | soil that is fit to farm |
| command economy | the goverment decides what to produce, where to make it, and the price |
| geothermal power | heat of the earth's interior , renewable energy |
| tertiary industry | services to consumers |
| quaternary industry | movement and organizaiton of information research/lab |
| sparse | scarce; thinly spread out; little amount of |
