Unit 7 Word Scramble
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Term | Definition |
Factors of Production | Land,Labor,Capital, Entrepreneurship |
Commodities | Something or someone that is useful or valued |
Market Area | Geographic zone containing the people who are likely to purchase a firm's goods or services. |
Transnational Corporation | Research, factories, and market found in multiple countries |
Sustainability | A method of harvesting or using a resource so that it is not depleted. |
Bulk-Gaining | The finished product weighs more than the raw materials (bottling and automobiles) |
Bulk-Reducing Items | The raw materials weigh more than the finished product (copper and potato chips) |
Economic Interdependence | Condition in which people or groups rely on each other, rather than relying on themselves |
NAFTA | Allows for free trade between Canada, United States, and Mexico |
Hub and Spoke System | Distribution pattern in which all distributors move out from the center |
Land | Natural Resources |
Labor | Workers |
Capital | Money used for investments |
Entrepreneurship | New ideas and innovations |
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HCSWorldGeo
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