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Examples of human resources are a large labor pool or a high percentage of educated professionals. (Online Textbook

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Industrial based.

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Most developed countries have reached the carrying capacity. Many developed economies have 3 socioeconomic classes.

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Economics can be divided up into 3 different sections.

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Most developing countries have a exponentially growing population. Although the population is rising in these countries, many people are impovershed in these countries.

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Less industrial. Developing economies are often agriculturally based.

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Measure of what is produced to what is required to produce something.

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The level at which a nation's citizens' basic needs are met.

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A combined total of all final goods and services produced by a country in a single year.

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Measurement of how well an economy meets the needs of the society it supports

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How services are handled. Are they handled by the government or by the private sector?

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How finished goods are processed and are used

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How raw materials & basic goods are processed and are used

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Industry is a large branch of business. It includes agriculture, service, banking, retail, food, transportation, and communication.

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Human-made resources made to produce other goods and services. Humans may become a subcategory of capital.

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Workers are the backbone of a nation. They build infrastructure, manufacture products, etc.

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Natural resources are vital to a nation. It allows for countries to be independent from other nations.

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Most command economies are communist. The means of production is publicly owned and production and distribution is controlled by a central government.

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The US actually has a mixed economic system. We are capitalist yet parts of the economy is regulated by the government. Anybody is able to start up a local business.

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In a socialist economy, property of the distribution of goods and income is controlled by the community, not by the government.

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Parts of production and manufacturing may be privately owned while distribution may be owned by the government.

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A mixed economy is a system that uses aspects of some or every economic system.

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Another name for market economies is capitalism. In a capitalist society, the means of production are privately owned. Production is guided and income is distributed through sales and demand for products and resources.

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Resources are distributed mainly through families. This economy includes farming,herding,and hunter-gathering societies. Many developing countries have a traditional economy.

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How a society decides on the ownership and distribution of its economic resources is its economic system.

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Economic resources are vital to a nation economy. Resources can be defined as goods and services that a society provides. Countries must decide how those resources are distributed & used.