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BAV Review

BAV Terms

Constitutional democracy a form of government in which the sovereign power of the people is spelled out in a governing constitution.
Dictatorship Government in which the rulers are all powerful, rule by force and limit individual's freedom
Communism System in which the government controls the way of producing goods
Developed County A country that has a mix of agriculture and a great deal of manufacturing and service industry (USA, Japan, Australia)
Developing Country A country that has little industry and is mostly agricultural (Ethiopia, Afghanistan)
Gross Domestic Product (GDP) Total value in dollars of all the final goods and services produced in a country during a single year
Investment Money committed in order to gain a profit
Productivity Using your resources effectively to produce
Inflation Increase in prices over a period of time
Profit money a business earns after all expenses have been met
Profit Motive The driving force that encourages the increase in wealth
Latitude Distance north or south of the equator
Longitude Distance east or west of the Prime Meridian
Prime Meridian 0 degrees longitude
Climate Pattern of weather that takes place in an area over many years
Topography Elevation of different features in a landscape
Population Density Average number of people in an area (# of people divided by the size of an area)
Renewable Resource Natural resource that can be replaced naturally (trees)
Nonrenewable Resource Natural resource that cannot be replaced (coal)
Exports To sell resources or goods to another country
Tariffs Taxes on imported goods
Human Environmental Interaction (HEI) Explains how the environment affects people and how people change their environment
Ecosystems Place shared by plants and animals that depend on one another for survival
Globalization Individual economies rely on each other for resources and markets
Imports To buy resources or goods from another country
Created by: 1235877691