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Vocab and Geography (Economics & Review) Flashcards | StudBud
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Vocab and Geography (Economics & Review)
Vocab and Geography (Economics & Review)
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1
a large area of flat land, or mostly flat land (may have gentle rolling hills)
mountain range
plain
river
peninsula
2
HUMAN CAPITAL
the PEOPLE and their SKILLS needed produce goods and/or services
dry, lacking water, not much water
3
when you buy an action, when someone does labor/work for you
good / goods
service / services
4
when you buy LABOR or pay someone to do work for you
harsh
rural
toxicq
service / services
5
NEEDS
things you must have to live - like oxygen or water
things that would be nice to have, but you CAN live without them
6
when you buy an item, something you can touch and take home
good / goods
urban
7
consumer
a country, business, or person who BUYS a good / service
a country, business, or person who SELLS / MAKES a good / service
8
piece of land with water on three sides (like the Iberian or the Scandinavian)
river
mountain range
peninsula
plain
9
focusing on one thing & becoming REALLY good at it
climate
specialization
10
producer
a country, business, or person who MAKES a good / service
a country, business, or person who BUYS a good / service
11
a smaller number more spaced out in an area
sparse
dense
12
the workers - the workforce or laborers - PEOPLE who have the SKILLS to get the jobs done
natural resources
human capital
13
towns and cities
agriculture
urban
rural
climate
14
producer
a country, business, or person who BUYS a good / service
a country, business, or person who SELLS a good / service
15
the countryside, out in the country
agriculture
urban
rural
climate
16
a person who takes the risk to begin their own business; a person who owns & operates their own business
entrepreneur
arable
17
WANTS
things you must have to live - like oxygen or water
things that would be nice to have, but you CAN live without them
18
how a country controls money and resources
economy
environment
19
raw materials needed to make everything (useful things from nature!)
natural resources
human capital
Spain & Portugal are on the Iberian Pen.
capital goods
20
focusing on one thing, or a small number of things, & becoming REALLY good at it
PENINSULA
SPECIALIZATION
21
a larger number all packed together in a given area
sparse
dense
22
the stuff you need to produce goods and services - machines, trucks, technology, etc...
arctic
tropical
temperate
capital goods
23
NATURAL RESOURCES
using maching to produce goods quickly
the raw materials (from nature) needed to produce goods and services
24
CURRENCY
climate
fertile
$$$ money $$$
harsh
25
LITERACY / to be literate
to grow crops, to use the land to grow food
the expected weather
land that is good for farming
able to read, write, and understand & use information
26
ECONOMY
difficult or hard
how a country controls money and resources
