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What does GDP stand for?
GDP
command economy
Tertiary sector
government
Gross Domestic Product
primary sector
developing economy
people
What is concerned with offering intangible goods and services to consumers? This includes retail, tourism, banking, entertainment and I.T. services.
GDP
command economy
Tertiary sector
government
Gross Domestic Product
primary sector
developing economy
people
These make the decision of what to produce, price, and allocate in a command economy.
GDP
command economy
Tertiary sector
government
Gross Domestic Product
primary sector
developing economy
people
these make the decision of what to produce, price, and allocate in a market economy.
GDP
command economy
Tertiary sector
government
Gross Domestic Product
primary sector
developing economy
people
This is one which is not yet industrialized.
GDP
command economy
Tertiary sector
government
Gross Domestic Product
primary sector
developing economy
people
What is the total market value of all final goods and services produced annually in an economy?
GDP
command economy
Tertiary sector
government
Gross Domestic Product
primary sector
developing economy
people
What is extraction of raw materials called? Examples are mining, fishing and agriculture.
GDP
command economy
Tertiary sector
government
Gross Domestic Product
primary sector
developing economy
people
This is characterized by government (or central) control ownership of the means of production, and with a central authority setting prices of goods and services and for most allocation decisions.
GDP
command economy
Tertiary sector
government
Gross Domestic Product
primary sector
developing economy
people
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