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Economic Interdependence

This document discusses economic interdependence and its advantages and disadvantages. It notes that economic interdependence creates a global market where goods and jobs can flow freely across borders, promoting international relations and efficient trade. However, it also notes disadvantages like exchange rate fluctuations and risks of depending on a single supplier. It provides examples of the advantages of increased trading opportunities and earnings from specializing in certain goods. The document also compares command and market economy systems.

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nadeemzara2009
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64 views7 pages

Economic Interdependence

This document discusses economic interdependence and its advantages and disadvantages. It notes that economic interdependence creates a global market where goods and jobs can flow freely across borders, promoting international relations and efficient trade. However, it also notes disadvantages like exchange rate fluctuations and risks of depending on a single supplier. It provides examples of the advantages of increased trading opportunities and earnings from specializing in certain goods. The document also compares command and market economy systems.

Uploaded by

nadeemzara2009
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Geography

project

Economic
Interdependence
Made By: Farah Qureshi &
Zara Nadeem
What is Economic
Interdependence ?
Economic interdependence creates a
global market where goods, products,
and jobs can flow freely across borders.
This increased cross-border interaction
promotes international relations and an
efficient trading system among
economies.

BESTPros
FOR You 2
O R G A N I C S C O M PA N Y
What is Economic
Interdependence ?
Disadvantages of Economic
interdependence include the exchange
rate fluctuations, higher import costs,
risks associated with depending upon a
sole supplier, etc. Studies also suggest
that globalization may contribute
to income disparity and inequality
between the more educated and less
educated members of a society.

BESTCons
FOR You 3
O R G A N I C S C O M PA N Y
Characteristics Of Economic Development

Advantages of Economic Development


» Economic interdependence leads to more trading
opportunities.
» Increased trade among countries promotes the
exchange of goods and creates more earning
opportunities at the national and international levels.
» Selling specialized goods within the same region may
undergo tough competition.

BEST FOR You 4


O R G A N I C S C O M PA N Y
Comparison between :-

Command economic system Market Economy system


» In a command economy, the central government A market economy is an economic system
dictates the level of production of goods and
controls their distribution and prices. in which economic decisions and the
pricing of goods and services are guided
• Proponents of command economies argue government
by the interactions of a country's
control rather than private enterprise can ensure the fair individual citizens and businesses.
distribution of goods and services.

• Some examples of countries that have command • There may be some government intervention or central
economies are Cuba, North Korea and the former Soviet planning, but usually this term refers to an economy that is
Union. more market oriented in general.

The United States, England, and Japan are all examples


•
BEST FOR Youof market economies. 5
O R G A N I C S C O M PA N Y
Fishery Forestry Mining
Large Image

Management ofYouResources.
BEST FOR
O R G A N I C S C O M PA N Y
6
The End

Thank You
Zara Nadeem (PPT), Farah Qureshi (Content)

[email protected] ( Zara)

[email protected]( Farah )

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