Africa Economics

4. Man-made materials (factories, machines, technology, etc.)
7. level of wealth and material comfort available to a person.
10. taxes placed on imported goods.
11. a political barrier to trade.
13. GDP per person.
15. when a country specializes, it focuses its resources on the production of a limited variety of goodsandservices the ones it can produce the best
16. economy- economic decisions are made based on the changes in prices that occur as buyers & sellers interact in the marketplace.
17. a person who takes a risk and starts a new business.

1. a limit on the quantity of an item brought into a country.
2. all economic decisions are based on customs, traditions, & beliefs of the past.
3. a combination of both traditional and command economies.
5. the total dollar value of all goods and services produced in one year.
6. a market where buyers and sellers have the right to sell and buy by their own preference or refuse to if they so choose.
8. percentage of adults who can read and naturalresources raw materials from nature.
9. Skills, education, and training of the workforce.
12. all economic decisions are made by the government.
14. a continuous nonspatial whole or extent or succession in which no part or portion is distinct or distinguishable from adjacent parts.