3-3 Economic Systems Guided Reading
A system in which people make, exchange, and use thing that have value.
Owners and workers are part of a group called _______________.
People who buy goods or services are part of a group called _______________.
An economic system where individuals own most businesses is called _______________.
An economic system where the central government own most businesses is called _______________.
Capitalism is also called a ________________________ __________________ economy.
In Communism, the _____________________ controls most businesses.
Few economies are ____________ in form/type.
These type of economic systems are often called ____________________ economies.
A significant change in how products were produced, from man made to machine made, is called the ____________________ ________________________
In _______________________ nations, there are _______________ industries and __________________ do most of the work.
In developing nations, there are _______________ industries and __________________ do most of the work by ______________.
_______________ shortages and ____________ education often plague Developing Nations.
As world trade expands, countries become more and more ____________________________ on each other.
Trade agreements, or ___________________________________, help countries sell goods to one another