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.

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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.

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 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.

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 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

•
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 Fishery Forestry Mining
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 The End

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

nadeemzarah556@gmail.com ( Zara)

380369.tcs@csn.edu.pk( Farah )