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Resources

Resources and Immigration

QuestionAnswer
Natural Resource Materials in the environment that people value and use to satisfy their needs and wants.
Nonrenewable Resource Cannot be replaced once used.
Renewable Resource Regenerated or replacement by the environment.
Geothermal Energy Produced from the Earth's internal heat.
Primary Economic Activities Rely directly on natural resources. Exs: farming, mining, fishing/ hunting etc.
Secondary Economic Activities People use raw materials to produce new products of greater value. Exs: pressing wheat to make flour, manufacturing
Tertiary Economic Activities Do not directly gather or process raw materials- instead they pursue activities that serve others. Exs: doctors, salespeople, police, etc.
Quaternary Economic Activities Acquisition, processing, and sharing of information. Exs: education, government, research, lawyers, etc.
Scarcity We have an unlimited amount of needs and wants, but there is a limited amount of resources.
Commercial vs. Subsistence Farms Commercial farms make more than enough o make a profit, but subsistence.
Ethanol Make fuel out of bio-products.
Deficit Our businesses lose profits because there is more imports than exports.
Pros of Immigration Improve Economy Won't have to spend so much on border Reunite families Cheap Labor
Cons of Immigration Drug Trafficking Less jobs for Americans Overpopulation Increase in crime
Exports Goods being sent out of a country
Imports Goods being brought into a country
Traditional Economy Families produce what they
GDP Gross domestic products- how many goods your country produces divided by the amount of people in it.
Created by: ZRosa01
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