Across
- 3. investment by foreigners in wholly owned enterprises that are operated by the foreigner
- 9. a society with a significant share of its output from the secondary sector
- 10. an economic system in which the state defers to private enterprise and a stock market raises and allocates capital
- 11. a company’s relocation of some economic activities to another country where costs are lower
- 14. economic development that can be continued indefinitely and that minimize or even reverses environments degradation
- 16. the part of the economy that extracts resources directly from Earth, including agriculture fishing, forestry, and mining
- 21. the part of the economy that offer services, such as retail, consulting, and education
- 24. a newly developing industry that probably cannot compete with imports
- 25. a capitalist system that minimizes the government’s role in the economy
- 26. cost a capital return sacrificed by leaving capital invested in one form or activity rather than another
- 27. method a national economic policy of protecting domestic infant industries
- 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
- 29. an index that combines statistics of life expectancy, school enrollment, literacy, and income to compare the quality of life around the world
- 30. a company’s decision to hire another company to do part of tis activities
- 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. a shift in the concentration of activity from an economy’s primary sector to its secondary and tertiary sectors
- 2. the part of the economy that transforms raw materials into manufactured goods
- 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
- 5. a society with the bulk of its economic activity in the primary sector
- 6. enterprises that are owned by the government in the name of the people
- 7. an enterprise that produces and markets goods in several countries
- 8. method a national economic policy of welcoming foreign investment to build factories that will manufacture goods for international markets
- 12. the study of how various peoples make their living and what they trade
- 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
- 15. the study of individual countries’ organization and regulation of their economies
- 17. a sparsely populated and underdeveloped region with in a country that may have potential for settlement and development
- 18. an enterprise that produces and markets goods in several countries
- 19. a society with the bulk of its economic activity in the tertiary sector
- 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
- 22. a country that has achieved a high level of income from manufacturing
- 23. the total value of all goods and services produced within a country