unit IV
About this set
Created by:
mrdgeography on November 3, 2008
Subjects:
Classes:
Mr. Roehl's Geography 7th Grade Class, Gov/Economics, Cultural Studies/Burgin
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31 terms
Terms | Definitions |
|---|---|
 resoruce | anything that is of value to humans |
| natural resource | anything from nature that is of value to humans |
| capital resource | money, large buildings, expensive machines, and infrastructure |
| human resource | the number of people in a country and the skills they possess |
| renewable resource | a natural resource that can regenerate itself with proper management |
| nonrenewable resource | a natural resource that will run out eventually |
| energy resource | a resource that can be used to generate power |
| fossil fuels | coal, oil, and natural gas |
| aesthetics | how something looks |
| skilled laborers | people who must be trained over a long period of time |
| unskilled laborers | people who can be trained in a short period of time |
| entrepreneurial abilities | the ability to start and manage a business |
| infrastructure | the basic systems that help an economy run such as roads, telecommunications, schools, and transportation networks |
| primary economic activity | when a resource is gathered from nature such as farming, hunting, and fishing |
| secondary economic activity | when a resource is processed into something useful or manufactured into something |
| tertiary economic activity | the service sector of the economy |
| environmental degradation | harming the environment or causing pollution |
| developed nation | a country with a high standard of living |
| developing nation | a country with a low standard of living |
| landlocked | a country that does not have an outlet to the ocean |
| globalization | integration of a national economy into an international economy through trade, foreign investment, and the spread of technology |
| product assembly | when the components of an item are shipped to a central location and put together |
| industrialization | the process of replacing human power with machine power |
| hydroelectric power | power generated by water |
| agribusiness | large farms owned by corporations |
| telecommunications | telephone, radio, television, cell phone, and internet networks |
| cash crops | plants that are grown for export in exchange for money such as tobacco, sugar, and cotton |
| gross domestic product | the total value of all of the goods and services produced within a country in a year |
| purchasing power parity | the theory that identical products and services in different countries should cost the same |
| processing | when a natural resource is made into something useful. some examples are mills, refineries, and canneries. |
| textiles | clothing |
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