Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
8 Cards in this Set
- Front
- Back
|
consumers
|
people who buy and use products
|
|
|
capitalism
|
economic system in which individuals own most businesses
|
|
|
communism
|
an economic system in which the central government owns factories, farms, and offices
|
|
|
socialism
Mixed Ownership |
an economic system with some of the major industries are controlled by government and others are owned by individuals
|
|
|
developed nations
|
nations with many industries and advanced technology
|
|
|
developing nations
|
nations with few industries and simple technology
|
|
|
NAFTA
|
North American Free Trade Agreement- an agreement to reduce costs of trade between United States, Canada, and Mexico
|
|
|
European Union
|
A trade agreement between many European countries to make buying, selling, and working between countries easier. Many have a common money- the Euro.
|
