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Unit 7

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
        Help!  

Term
Definition
Factors of Production   Land,Labor,Capital, Entrepreneurship  
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Commodities   Something or someone that is useful or valued  
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Market Area   Geographic zone containing the people who are likely to purchase a firm's goods or services.  
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Transnational Corporation   Research, factories, and market found in multiple countries  
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Sustainability   A method of harvesting or using a resource so that it is not depleted.  
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Bulk-Gaining   The finished product weighs more than the raw materials (bottling and automobiles)  
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Bulk-Reducing Items   The raw materials weigh more than the finished product (copper and potato chips)  
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Economic Interdependence   Condition in which people or groups rely on each other, rather than relying on themselves  
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NAFTA   Allows for free trade between Canada, United States, and Mexico  
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Hub and Spoke System   Distribution pattern in which all distributors move out from the center  
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Land   Natural Resources  
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Labor   Workers  
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Capital   Money used for investments  
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Entrepreneurship   New ideas and innovations  
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Created by: HCSWorldGeo
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