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Drag the tiles to the boxes to form correct pairs.

Match the given definitions to the basis for classification of economies.

Drag the tiles to the boxes to form correct pairs. Match the given definitions to-example-1
User Pantulis
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1 Answer

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Matched economic bases to definitions: population, development, system, resources.

Based on the image you sent, the following are the correct pairs:

Definition Basis for classification of economies

Size of the Size of the economic population (number of economy people)

Level of economic Industrialization, urbanization, and per capita development income

Economic Ownership of the means of production and

system distribution

Natural Availability of natural resources such as land, resources water, and minerals

Here is a brief explanation of each pair:

Size of the economy and size of the economic population: A larger population typically means a larger economy, as there are more people to produce and consume goods and services.

Level of economic development and industrialization, urbanization, and per capita income: Countries with a higher level of economic development tend to be more industrialized and urbanized, with higher per capita incomes.

Economic system and ownership of the means of production and distribution: In a capitalist economy, the means of production and distribution are privately owned, while in a socialist economy, they are owned by the government or the people.

Natural resources and availability of natural resources: Countries with abundant natural resources tend to have stronger economies, as they can export these resources or use them to produce goods and services.

User Mark Nguyen
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