Chapter 12: Economy and Development

12345678910111213141516171819202122232425262728293031
Across
  1. 3. investment by foreigners in wholly owned enterprises that are operated by the foreigner
  2. 9. a society with a significant share of its output from the secondary sector
  3. 10. an economic system in which the state defers to private enterprise and a stock market raises and allocates capital
  4. 11. a company’s relocation of some economic activities to another country where costs are lower
  5. 14. economic development that can be continued indefinitely and that minimize or even reverses environments degradation
  6. 16. the part of the economy that extracts resources directly from Earth, including agriculture fishing, forestry, and mining
  7. 21. the part of the economy that offer services, such as retail, consulting, and education
  8. 24. a newly developing industry that probably cannot compete with imports
  9. 25. a capitalist system that minimizes the government’s role in the economy
  10. 26. cost a capital return sacrificed by leaving capital invested in one form or activity rather than another
  11. 27. method a national economic policy of protecting domestic infant industries
  12. 28. the process of progressively increasing the value of goods and services that a place is able to produce in order to enjoy or export
  13. 29. an index that combines statistics of life expectancy, school enrollment, literacy, and income to compare the quality of life around the world
  14. 30. a company’s decision to hire another company to do part of tis activities
  15. 31. economic factors that determine that as the number of units of a good produced increases, the production cost per unit generally falls
Down
  1. 1. a shift in the concentration of activity from an economy’s primary sector to its secondary and tertiary sectors
  2. 2. the part of the economy that transforms raw materials into manufactured goods
  3. 4. manufacturing that locates close to the market either because the processing increases the perishability of the product or because the processing adds bulk or weight to the product
  4. 5. a society with the bulk of its economic activity in the primary sector
  5. 6. enterprises that are owned by the government in the name of the people
  6. 7. an enterprise that produces and markets goods in several countries
  7. 8. method a national economic policy of welcoming foreign investment to build factories that will manufacture goods for international markets
  8. 12. the study of how various peoples make their living and what they trade
  9. 13. manufacturing that locates close to the source of the raw material either because the raw material is heavy or bulky or because it is perishable
  10. 15. the study of individual countries’ organization and regulation of their economies
  11. 17. a sparsely populated and underdeveloped region with in a country that may have potential for settlement and development
  12. 18. an enterprise that produces and markets goods in several countries
  13. 19. a society with the bulk of its economic activity in the tertiary sector
  14. 20. a country’s GDP plus any income that residents receive from foreign investments, minus any money paid out of the country to foreign investors
  15. 22. a country that has achieved a high level of income from manufacturing
  16. 23. the total value of all goods and services produced within a country