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| Term | Definition |
|---|---|
| History | the past that shaped our world today |
| Geography | The study of our surroundings |
| Environment | The natural world |
| Latitude | north and south of the Equator |
| Longitude | east or west or the prime meridian |
| Absolute Location | exact location |
| Relative | in relation, or compared, to somewhere else |
| Politics | different opinions are able to reach decisions together that are agreed to and enforced |
| Government | authority to make, carry out, and enforce laws, as well as settle disputes |
| Trade | voluntary exchange of goods and services |
| Scarcity | unlimited demand but not enough supply of a good or service |
| Economics | how to allocate, or distribute, limited resources |
| Specialization | country focuses on producing the goods and services |
| Globalization | development of an increasingly world wide economy |