Key Terms
A list of events in the order in which they occurred
Chronology
What is the difference between a want and a need?
Want: is something you would like to have. It is not absolutely necessary.
Need: is something you must have, something you can't do without
THE 5 THEMES OF GEOGRAPHY ARE?
Location
Place
Human-Environment Interaction
Movement
Regions
The past is divided into two parts: _____ and ______
prehistory and history
Why do markets exist?
because none of us produces all the goods and services we require to satisfy our needs and wants.
the scientific study of ancient cultures through the examination of artifacts and other evidence.
Archaeology
The desire to earn money gives most producers an ______ to make and sell products
incentive
Geography
The study of human and nonhuman features of Earth is called
voting, paying taxes, signing petitions are all examples of what?
Civic participation or civic engagement
What typically happens when an economy gets going too fast.
Inflation; which is an increase in prices.
the study of humankind in all aspects, especially development and culture.
Anthropology
Offering your neighbor a horse for transportation in exchange for seeds to grow crops is an example of what system
Barter system
This theme describes a place in terms of both physical and human characteristics.
PLACE
A system of basic rules and principles by which a government is organized
CONSTITUTION
The Four Basic Economic systems are:
Traditional economy
Market economy
Command economy
Mixed economy
What is an Oral Tradition
a community’s cultural and historical background, passed down by word of mouth that is not written down
How is revenue different from profit?
Profit is the money a company has left after subtracting the costs of doing business, while revenue is the money earned by selling goods and services
A cell phone coverage area is describing what type of theme
Region
The basic purpose of a government is to:
-Keep order
-Provide services
-To protect the common good or well-being of the people
When I went to Bubba's ice cream there wasn't anymore of this flavor.... what was it
mint chocolate chip
What is the difference between a Primary and Secondary Source and give an example of each.
Primary source: information that comes directly from a person who experienced an event.
Ex: letters, diaries, speeches, photographs
Secondary source: information about an event that does not come from a person who experienced an event directly.
Ex: textbooks, articles, movies, biographies
The resources people use to make goods and services are called __________. And what are the four resources and an example of each
Factors of production.
Land - refers to the natural resources
Labor - refers to the human effort put into work to produce the goods and services.
Capital - refers to the tools and machines that are required for the production of the product
Entrepreneur - the individual responsible for combining and organizing natural resources, capital goods, and labor to produce a good or service.
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What is a Limited Government and an Unlimited Government. Give an example of each
Limited Government
A government structure in which government actions are limited by law.
EXAMPLE: THE UNITED STATES
Unlimited Government
A government in which there are no effective limits on government actions.
EXAMPLE: CHINA
There is no form of competition in what type of economic system and why?
A command economy, because the government determines what goods are manufactured, the price they will be sold, and who gets the profits. The government owns many of the major industries.