Global

1. How can the presence or absence of natural resources and arable land affect a nation’s economy, regardless of the type of economic system?
If the natural resources wouldn’t be present the country will be really poor because the country needs to produce things so people of other countries buy them their products also what would happen to the people that they would be starving because they would have neither food nor vegetables. Also the economic problems would be really big because if a person has a house and they don’t have enough money to pay their electricity or water they would have to sell the house so they get the money to pay the bills. And the country would have problems to because if they want to bring doctors from other countries they couldn’t pay them….
2. How can life expectancy and literacy rates affect the quality of labor in the economy?
If people die earlier they wouldn’t get that much chance to learn more about their job… if people were illiterate they wouldn’t really get good jobs they would just work on a grocery store but they would be packing the food… and they wouldn’t win that much money… also the people who have a good education they would have good jobs and they would get a lot of money… and later they would get expert in the job….
3. How can GDP per capita and poverty rates indicate standards of living in each system?
In Chad the people live no that long because they don’t have clean water or food so they get diesis and they die in North Korea and the United States, has a lot of money and they would have better sanitation in the country… and the people would lie longer if they have good sanitation…
4. How can the size of the industrial/service sector and the agriculture employment rate indicate the level of industrialization?
In most of the countries people do more industrialization instead of agriculture because the people produce more products, in agriculture it would be much harder for the people because if the temperatures raise to a high level the land would be dried and the people cannot plant vegetables…

5. How can electricity, communication, and transportation facilities indicate the potential for industrial growth?
It would help the industrial growth because these people who bring our facilities like to transportation, it would be increasing because the people who work in these companies would buy more of the buses and later the number of buses will increase… also like with the petroleum if you have a lot of buses in a country you will need fuel so they can work.

6. Considering the lack of natural resources, the labor problems, and the lack of capital and little industrialization of developing countries, how can developing countries develop? (Hint: Look at Economy - Overview for Chad).
In Chad it’s not a well developed country it has problems with the sanitation of the country… they produce a lot in agriculture, these country has a lot of influence in agriculture than in industries, in Chad they cannot afford money so they can buy industries like making : Clothes, shoes. Etc…

Conclusion:
Market-oriented and command nations tend to place different priorities on the role of government in the economy, with the government sector generally playing a larger role in command nations. Given their resources, market-oriented and command nations can choose to focus on increased industrialization and expansion into new markets. Developing nations, however, often lack resources necessary for industrialization and must seek aid or investment from industrialized economies in order to grow. With increased globalization, we are becoming more acutely aware of the interdependence of all nations in our world economy.