Luton's Economies/Environmental Issues of Europe
Mr. Luton's Economies/Environmental Issues of Europe
Terms in this set (35)
The limited supply of something that a country needs.
What are the three basic economic questions?
What to produce? How to produce? For whom to produce?
Economy where the customs and habits of the past are used to decide what and how goods will be produced, distributed and consumed.
Economy where the government makes the basic economic decisions for the country.
Economy where decisions are guided by changes in prices that occur between individual buyers and sellers in an open marketplace.
Economy where several economic systems are combined. All modern economies are this type of system.
Someone who acquires goods and services for his or her own personal use.
Someone who makes goods or offers services to others.
The financial gain received by selling something for more than it cost to make it.
Mountains that form the border between Europe and Asia.
Separates the United Kingdom from mainland Europe.
Stretches from the coast of France to the Ural Mountains. It has some of the world's richest farmlands.
It is made up of Spain and Portugal.
It is made up of Norway and Sweden.
A warm ocean current that flows northeast from the Gulf of Mexico across the Atlantic Ocean and brings warm air into Europe.
Country of islands made up of Great Britain, Northern Ireland, Scotland & Wales.
Mountains that separate the Iberian Peninsula from the rest of Europe
Mountain range that's north of Italy
Runs all along the southern border of Europe.
Pyrenees and Alps
Protects countries along the Mediterranean Sea from harsh arctic winds.
Something that limits trade between countries.
A government ban on trading with a certain country
A limit placed on the number of a certain good that can be sold in a country
A fee or tax placed on an import
A problem in Germany. It is formed when pollutants from factories and cars mixed with water in the air. Damages the waxy outer coatings of leaves on trees which allows acid to seep into the trees.
The currency (or money) for most EU (European Union) countries.
Where most people in Russia live due to the severe climate in Asian Russia and Siberia.
The equipment and machines used in producing goods and services. Examples: Computers, Tractors, Ovens, etc.
A problem in the United Kingdom/Great Britain due to smog that is formed from pollutants in the air from factories and vehicles.
Nuclear power plant disaster in Ukraine in 1986 that polluted much of the surrounding area with radioactive waste.
An economic agreement between 15 European countries. It was created to help eliminate trade barriers. Most EU countries use the Euro as their currency (money).
Gross Domestic Product (GDP)
The total market value of all the goods and services produced within the borders of a country within a given period. A way to measure economic growth.
GDP Per Capita
Gross Domestic Product divided by population equals GDP per Capita (per Capita = per Person). Takes population into account.
The training and skills that people bring to their jobs. Examples: College, Tech School, and Trade School.
People who start their own businesses in the hopes of making a profit (money).