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The Quiz is composed of two parts: a diagram of a political map; and a series of 10 short questions designed to help viewers quickly score themselves and others on that map. The 10 questions are divided into two groups, economic and personal, of five questions each. The answers to the questions can be Agree, Maybe or Disagree.
The world economy or global economy is the economy of all humans in the world, referring to the global economic system, which includes all economic activities conducted both within and between nations, including production, consumption, economic management, work in general, financial transactions and trade of goods and services.
An economic system, or economic order, [1] is a system of production, resource allocation and distribution of goods and services within a society. It includes the combination of the various institutions , agencies, entities, decision-making processes, and patterns of consumption that comprise the economic structure of a given community.
The first list includes estimates compiled by the International Monetary Fund's World Economic Outlook, the second list shows the World Bank's data, and the third list includes data compiled by the United Nations Statistics Division. The IMF's definitive data for the past year and estimates for the current year are published twice a year in ...
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A system in which a native group (or their lands and resources) is subjugated by an external political power for their own economic and/or political benefit. Communism A socialist system in which the means of production are commonly owned (either by the people directly, through the commune, or by a communist state or society ), and production ...
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Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...