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Geography Ch 3 Sec 3&4 vocab
vocab
15
Geography
7th Grade
01/18/2012

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Term
products of the Earth that people use to meet their needs
Definition
natural resources
Term
cannot be used up or can be replaced naturally or grown again
Definition
renewable resource
Term
Earth provides limited supplies of them and cannot be replaced
Definition
nonrenewable resources
Term
set rules for deciding what goods and services to produce, how to produce then, and who will recieve them
Definition
economic system
Term
trading in other countries
Definition
export
Term
buy fro another country
Definition
import
Term
taz added to the price of goods that are imported
Definition
tariff
Term
number limit
Definition
quota
Term
removing trade barriers so that goods flow freely among countries
Definition
free trade
Term
great deal of manufacturing
Definition
developed countries
Term
many people use subsistence farming
Definition
developing countries
Term
benefits and protections guaranteed to you by law
Definition
rights
Term
duties that you owe to other citizens and your government
Definition
responsibilities
Term
when countries depend on each other for food and raw materials
Definition
interdependence
Term
developement of world culture and independent economy
Definition
globalization
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