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
|
Gross Domestic Product (GDP)
|
refers to the market value of all final goods and services produced within country within a given period
|
|
|
GDP per capita
|
GDP divided my population
|
|
|
Life Expectancy
|
the average age to which a person in a given population can expect to live
|
|
|
economic geography
|
a branch of geography that deals with the relations of physical and economic conditions to the production and distribution of commodities
|
|
|
traditional economy
|
a system for producing distributing and consuming goods and services
|
|
|
command economy
|
an economy in which production, investment, prices, and incomes are determined centrally by a government
|
|
|
communist
|
economic decisions are made by the central government
|
|
|
socialist
|
government owns most basic idustries
|
