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Social Studies Ch. 1

Place and Time: Inited States Beginnings to Today

TermDefinition
calendar a system for breaking time into units and keeping track of those units
chronology order of dates in which events happen
diagram an illustration for organizing and presenting complex information
globe a round model of the earth
map a flat drawing of all or part of the earth's surface
landform natural feature of the earth's land surface
relief ups and downs of earths surface
elevation the height of an area above sea level
ecosystem a community of living things and the surroundings in which they live
opportunity cost the cost of passing up the second choice when making a decision
capital human-made goods that people use to produce good and services; also, money
entrepreneur a person who starts and runs a business
market economy economic system in which buyers and seller choose to do business with those who satisfy their needs and wants best
free enterprise system economic system in which people are free to control and own the means of production
tariff a tax on imports
Income money receives
maximize make as large as possible
environment the physical surroundings
Created by: user-1857225
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