1
imaginary line at 0 degrees latitude
Equator
focusing or limiting one's attention to one business, job or product
Specialization
the science of practice of farming, including growing/ or maintaining soil, crops and animals to provide food, wool and other products
Agriculture
money paid at regular times for work or services
Salary
products that satisfy an economic need or want
Goods
goods sent to another country
Exports
examples of this include: mountains, lakes, rivers and valleys
Physical Feature
goods brought into a country to sell
Budget
the amount of goods or services that are available
Supply
the work performed by a person for others that does not involve goods
Services
a good or service we wish for but do not need for survival
Wants
examples include: plains, plateaus, hills, and mountains
Landforms
a person who buys and uses goods
Consumer
the consumer's desire for a good or service
Demand
imaginary line at 0 degreees longitude
Prime Meridian
Entrepreneur
Give me an example of 2 wants and 2 needs
Answers will vary:
wants: cell phone, tablet
needs: food, clothing, shelter
farthest northern place on Earth
North Pole
the study of the way in which goods and services are made, sold and used
Economics
naturally occuring material that is useful to people
Natural Resource
money or property that is invested or used to make more money
refers to those goods and services that are essential, such as food, clothing and shelter
Needs
the money made after all expenses have been paid
Profit
examples include: Central Plains, Coastal Plains, Rocky Mountains
Geographical Regions