| Definition or Description | Vocabulary Term |
| The system of how money and goods are produced in a country | |
| To sell goods and services to other countries | |
| The numbers you study to decide the health of a country's economy | |
| In this economy, the government controls production and prices. | |
| The type of industry that harvests and mines raw materials | |
| The value of all goods and services produced by a country in a single year. | |
| Countries with strong economies and a high quality of life | |
| A term that means 'per person' and is used to describe economic indicators for a country. | |
| Service industries | |
| | Definition or Description | Vocabulary Term |
| Business, trade, communication and transportation that takes place around the globe. | |
| An economy in which people grow their own food and make their own goods. | |
| Industry that uses raw materials to make a product | |
| To buy goods and services from other countries. | |
| Industry that involves information and research | |
| An economy based on freed trade and competition | |
| Describes nations with a low level of material well-being | |
| An economy that blends economic freedom and government regulation | |
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