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Chapter 3 Sect.3 Voc

S.S. for wood

natural resources products of the earth that people use to meet their needs.
renewable resources can be replaced naturally or grown again.
non-renewable resources minerals that are found in the earth crust and can only be used once.
economic system sets rules for deciding what goods and services to produce, how to produce them, and who will get them.
export trading to other countries
import buy it from another country
tariff tax added to the price of goods that are imported.
quota number limits on how maby items of particular product can be imported from a particular country.
free trade removing trrade barriers so that goods flow freely among countries.
developed countries Countries that have a great deal of manufactoring.
developing countries Africa,Asia, and Latin America. Only grow enough foood to feed everyone.
Created by: DCloud