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Worldly Words S.S.
Question | Answer |
---|---|
Lattitude | Parallel lines that circle the globe on tan east/west directions, and start at the Equator. |
Longitude | An imaginary linethat circles the globe in a north/south direction and passes through both poles, and start at the Prime Meridian. |
Equator | An imgainary line that divides the Earth into northern and souther hemispheres. |
Prime Meridian | An imgainary line that divides the globe into eastern and western hemispheres. It is the north/ south line on the map that passes through the Royal Astronomical Observitory in Greenwich, England. |
Hemishpere | Half of the sphere or globe any of the halves of the Earth (northern, southern, eastern, western) |
Absolute Location | The EXACT spot or location on Earth where something is found. It is often stated in latitude and longitude. |
Relative Location | THe postition of a place in relation to another place. |
Compass Rose | Has arrows that point to all four cardinal directions north,south,east,west. |
Political Map | A map that shows boutndries between countries or states and often labels major cities and capitols as well. |
Physical Map | A map which shows geographical features such as elevation in feet or meters. |
Consumer | People who buy or use recorces. |
Producer | Use land,labor,capital time. |
Government | Serves a regulatory function |
Financial Insititution | Institutions shich collect money and take loans |
Economics | Science that deals with production, distribution and uses of money,natural recources and services. |
Barter | Trading goods and services |
Money | A medium of exchange. (durable,plentiful,produceable,portable,consistant) |
Credit | Trust between people, and a pledge to pay later. |
Stock | Buying shares in a company in exchange for a return of profit. |
Incorporate | Selling shares of a business or company. |
Democracy | A form of government in which the people elect leaders and rule by majority. |
Comunism | A political system in which government owns all property and domonates all aspects of life in a country. |
Matrket Economy | A system based on private ownership. |
Command Economy | A system based on central governmental ownership,make all economic desisions. |