2025/2026
Exam Prep Guide
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, d270 final d270 final
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1. Why do man- to interpret its development, assess its performance, and estimate its potential
agers study an
economic envi-
ronment?
2. Developed have high income levels, advanced technologies, sophisticated infrastructure, high
Economies living standards, BUT SLOWING GROWTH
(generally)
3. Developing have lower incomes, low gross national income per capita, limited industrialization,
Economies basic infrastructure, challenging living standards, and chronic civil difficulties
(generally)
4. Base of the Pyra- largest, but poorest, socioeconomic group in the world. (2/3s or pyramid)
mid
5. Economic I. accelerating growth
Characteristics II. increasing FDI
of Emerging IIII. increasing imports
Economies IV. increasing exports
VI. expanding consumption
VIII. growing middle class
6. Emerging Economies experiencing rapid growth, expanding industrialization, and improving
economies standards of living
(has some but not all features of a developed economy)
7. Economic Free- The freedom to work, produce, consume, save, and invest in the way that one
dom prefers.
(empowering ordinary people with more opportunities and more choices)
8.
2025/2026