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 Economic system based on free enterprise in which businesses are privately owned, and production prices are determined by supply and demand.

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Presentation on theme: " Economic system based on free enterprise in which businesses are privately owned, and production prices are determined by supply and demand."— Presentation transcript:

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2  Economic system based on free enterprise in which businesses are privately owned, and production prices are determined by supply and demand

3  Goods produced for sale

4  Suitable for growing crops

5  Total control of a type of industry by one person or company

6  The merging of resources management systems in which countries are interconnected and dependent upon one another for goods and services  Trade between countries with no or little restriction

7  Spending more money on imports than earning from exports

8  Tax on imports or exports

9  Earning more money on imports than earning from exports

10  The practice of subcontracting manufacturing work to outside companies, especially foreign or nonunion companies

11  Process by which a body of water becomes too rich in dissolved nutrients, leading to plant growth that depletes oxygen


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