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the basic systems that help an economy run such as roads, telecommunications, schools, and transportation networks
primary economic activity
when a resource is gathered from nature such as farming, hunting, and fishing
secondary economic activity
when a resource is processed into something useful or manufactured into something
integration of a national economy into an international economy through trade, foreign investment, and the spread of technology
plants that are grown for export in exchange for money such as tobacco, sugar, and cotton
gross domestic product
the total value of all of the goods and services produced within a country in a year
purchasing power parity
the theory that identical products and services in different countries should cost the same
when a natural resource is made into something useful. some examples are mills, refineries, and canneries.
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