Global Economics

2. The interaction between the various countries of the world
7. Providing access to clean drinking water is an example of global _____
8. The reliance of one country on the resources, goods, or services of another country
10. The economic sector where raw materials are turned into a finished product
11. A type of economic system based on the private ownership of business and the products made and sold

1. A type of economic system that is based on tradition and most often found in underdeveloped regions
2. The monetary value of all goods and services produced in a country in a year
3. The economic system in which the government owns, controls, and regulates all aspects of production, trade, and income generated by the most valuable resources
4. The economic sector dealing with knowledge and information
5. The chain of production describes this as it relates to goods and services a country produces
6. This type of advantage refers to the ability of a country to produce something at a lower cost more efficiently
9. The economic sector where raw materials are harvested