Economy
The wealth and resources a civilization has and how goods and services are made and used is called the...
Economy
The goods and services a country produces and sells abroad are called...
exports
What is the name of the trading route that lead from China to Europe?
The Silk Road
Why would we use a division of labor/specialization of labor?
Specialization of labor allows more products to be produced for less money and in less time, in addition, workers become experts at their particular skill.
True or False: Bandits were often a threat to travelers along the silk road.
True
Things that people make or use to satisfy wants are called...
goods
Goods that are brought into a place are called...
imports
A ruling family is called a...
dynasty
Why would someone want to specialize in a certain good?
1. Resources are available locally to create the good.
2. They can get really good at their craft.
3. They can continue to create innovations that make their goods/items/products better.
True or False: Amethyst was traded along the silk road
False
Materials that come directly from nature (like soil, rocks, or trees) are called...
natural resources
What is the word that means the act of buying and selling goods and services?
trade
Ancient China was known as...
the land of silk
True or False: The ancient Chinese travled along the Himalayan mountains directly.
True
What is the name of the process where an individual/company/country concentrates on becoming an expert in a particular skill or producing one thing?
Specialization
What is separating a work process into a number of tasks, with each task performed by a separate person or group?
Division of Labor
What was the first thing that was traded on the Silk Road?
Horses
Specialization of labor often leads to what?
Innovations in particular fields because people working in that field were experts and so specialized that they pushed the limits of knowledge, which led to advancements.
What are the benefits of the specialization of labor?
Specialization of labor allows more products to be produced for less money and in less time, in addition, workers become experts at their particular skill.
Gunpowder was discovered when monks were trying to create an elixir that would...
make someone immortal/live forever.