1.2 - Meaning of the Term 'Economy'
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Practice Questions
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What is an economy?
💡 Hint: Think about how people make a living.
Name one type of economy.
💡 Hint: Consider what types are based on primary activities.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What defines an economy?
💡 Hint: Think about what an economy does overall.
True or False: An agrarian economy relies on industries and factories.
💡 Hint: Recall the characteristics of different economies.
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Challenge Problems
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Consider how advancements in technology might shift the balance between agrarian and industrial economies. Discuss potential impacts.
💡 Hint: Think about how technology can change job markets and production processes.
Evaluate a country that transitioned from agrarian to industrial. Discuss the socio-economic changes.
💡 Hint: Consider what happens when industries become the focus rather than farming.
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