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Mrd Unit IV

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