Black Gold Vocabulary
Terms in this set (9)
petroleum directly out of the ground that has not been processed
a resource that cannot be replaced: like oil or coal
Any natural resource that can be replenished naturally: like solar, wind, or hydro energy
oil that has been discovered but remains unused in the ground
an economic system in which businesses are privately owned and operated; the free market determines the values of goods and services
an economic system where the government owns the businesses and land, they also determine the cost of goods and services
A figure indicating how long, on average, a person may be expected to live. Indicates quality of healthcare.
Shows the percentage of people in a country who can read and write at an elementary school level. Indicates the quality of education.
per capita GDP
an estimate of the average wealth of a person in that country
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