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Chapter 2 SS

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
Created by: hcheek26