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Chapter 2 SS
| Question | Answer |
|---|---|
| environment | the surroundings in which people, plants, and animals live |
| erosion | the process by which water and wind wear away the land |
| pollution | anything that makes the soil, air, or water dirty and unhealthy |
| ecosystem | a community of plants and animals along with the surrounding soil, air and water |
| economic system | a set of ideas that guides how a country will use its resources to produce goods |
| demand | the amount of something that people want to buy for a certain price |
| supply | the amount of something that producers want to make at a certain price |
| competition | when businesses that sell similar goods and services try to attract the most consumers and make the most money |
| What are the three economic questions? | What goods will be produced? How will they be produced? Who will receive or buy the goods? |
| What are two ways that human activities change the land? | build highways and digging mines pollution and harming the environment |
| What are two natural forces? | erosion and ecosystems |
| Who decides what to produce in an economic system? | businesses and individuals |
| interdependence | depending or relying on each other |
| push and pull factors | when geography can push people out or an area or pull people into a new location |
| human resources | productive resources consisting of the talents, knowledge, intelligence, or skills needed to perform a job |
| capital resources | the tools, machines, buildings and other equipment needed to perform a job. |
| Import | when a good is brought into the country from another country |
| Export | when a good is made in the US and then shipped out of the country to be sold |
| 3 factors of production | labor, land, capital goods |
| Labor | people work to make the product you are selling |
| Land | a place to gather natural resources from or to build a factory |
| Capital goods (machines) | the machines used to produce the product you are going to sell |
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hcheek26
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