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Social Studies Ch. 3
Term | Definition |
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capital resources | the tools, machines, buildings, and other equipment that a business uses |
peninsula | a piece of land surrounded by water on three sides |
interior | a place away from a coast or border |
delta | a low-lying area of land at the mouth of a river |
adapt | to change in order to better fit the environment |
dam | a barrier built across a waterway to control the flow and level of water |
producer | a person who makes goods and services |
consumer | a person who buys and uses goods and services |
cape | a point of land that sticks out into the water |
coast | the land that borders an ocean |
coastal plain | the flat, level land along a coast |
bay | a body of water partly surrounded by land but open to the sea |
market economy | an economic system in which decisions on production and consumption are made by individuals acting as buyers and sellers |
profit | in a market economy, the money left over after a business pays its expenses |
human resources | a productive resource consisting of the talents, knowledge, intelligence, and skills of human beings that contribute to the production of goods and services |