what are natural resources?
products of the earth that people use to meet their needs
what are renewable resources?
cannot be used up. can be replaced naturally or grown again
what are nonrenewable resources?
provided by the earth in limited supply
what are economic systems?
a country's rules for deciding what goods and services will be produced, how they will be produced, and who will produce them.
based on customs passed down through generations
government makes all economic decisions
based on "FREE ENTERPRISE", individuals and businesses make their own decisions
individuals have freedom and government regulations may apply to others
what is world trade?
resources not distributed evenly around the world
sell goods to other countries
buy goods from other countries
when the government puts a limit on the number of items that come into a country
tax on the items that come into a country
no barriers, goods travel freely from one country to the next
great deal of manufacturing
working toward industrialization but still practice subsistence farming.
examples of renewable resources
sun, plants, trees, wind, and soil
examples of nonrenewable resources
coal, oil, natural gas, ores, and nuclear energy
benefits and protections guaranteed to you by law
duties that you owe to to other citizens and your government
when countries depend on one another for goods, raw materials to make goods, and markets in which to sell goods
the development of a world culture and an interdependent economy
the number of people out of every 1,000 who die in a year
the number of children born each year for every 1,000 people
lack of food
the average number of people living in a square mile or square km.
movement to cities
when people leave the country where they were born and move to another
people who flee to another country to escape persecution or disaster