Interconnected world

3. an economic system in which the government controls the means of production, such as land, labor, and machinery
4. often have a high gross domestic product (GDP), which is the total value of goods and services sold during a period of time, usually a year
7. Sector This sector includes service industries that offer services to other businesses and consumers
9. An intergovernmental organization of the world’s major oil-exporting nations
11. The increasing interdependence of nations and peoples across the globe
12. The movement of people from rural areas, usually called towns, to urban areas, which are called cities
14. Refers to people’s quality of life based on the goods and services that are available to them
17. Sector This economic activity is divided into sectors, with each sector representing a different type of activity
21. Also known as a duty or customs duty is a tax that is placed on imported goods when they enter a country
22. search for safety, food, and shelter has resulted in the migration, or mass movement, of people from one part of the world to another
23. business owners and consumers still make most of the economic decisions. However, governments may regulate the markets in order to provide stability, protect national interests, or prevent monopolies
26. Economy An economic system in which business owners decide what to produce, as well as how to produce and distribute it

1. Dependence Refers to an economy's dependence on a particular resource in order to be successful
2. an index designed by the United Nations to measure the basic contentment of people living in a particular country
5. An economic region of Europe that is united under the euro, a common currency
6. The process by which previously colonized countries free themselves from their colonizers
8. policies put in place by a government to restrict trade with one country, with a group of countries, or with specific businesses or individuals
10. The underlying foundation or framework of a system, organization, or location.
13. The transmission of cultural elements, such as customs, ideas, and religions, from one group to another
15. Is the informal name for India's large and popular movie industry
16. Sector A part of the economy that makes direct use of natural resources
18. Country Has little industrial development and therefore a relatively low standard of living
19. The act of coming to a new country from one’s home country to live permanently
20. The practice of protecting a country’s local business or industry
24. This is an economic policy in which a nation does not try to limit imports or exports by enacting tariffs or subsidies
25. This was a trade pact signed in 1992 between the United States and its North American neighbors