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Chapter 3 Section 3
Vocab - Geography
Term | Definition |
---|---|
natural resources | are products of the earth that people use to meet their needs |
renewable resources | cannot be used up or can be replaced naturally or grown again |
nonrenewable resources | the earth provides limited supplies of them and they cannot be replaced |
export | what they do not need, trading it to other countries |
import | when they cannot produce as much as they need of a good , buy it from another country |
tariff | tax added to the price of goods that are imported |
quota | number limit on how many items of particular product can be imported from a particular country |
free trade | taking down trade barriers so that goods flow freely among countries |
developed countries | countries have a great deal of manufacturing |
developing countries | countries working toward industrialization |