EOY Vocab 2
Across
- 5. Average life-span of an individual in a particular country
- 8. Economic activity that produces a service for customers rather than a product
- 9. Based upon economic data, countries are categorized as less developed, new industrialized.
- 10. The value of all the goods and services produce by a country.
Down
- 1. Economic system in which production (supply) is determined by demand with little to no government interference.
- 2. Economic activity that involves large-scale farming in which the product is meant for the sale to the public
- 3. Economic activity that involves the mass production of manufactured goods
- 4. A country's total GDP divided by its population size.
- 6. Production is determined by the government and does not always reflect demand.
- 7. Government makes some, but not all, decisions about the production and distribution of goods and services.