Vocab
A farmer produces only enough for his household
What is subsistence
What is the application of science to industry?
What is technology
Term that refers to all of the most basic industries?
What is primary industry
Products that generally last a year?
What are durable products
This deals with the basic energy and equipment needs of the industries
What is infrastructure
A combination of metals, such as copper and zinc
What is an alloy
The second largest export commodity in the world?
What is seafood
Businesses that sell goods directly to the consumer
What is retail
Bauxite is extracted from what?
What is aluminum
This refers to any type of resource that will run out someday
What is nonrenewable
Cultivation of farming of seafood in a controlled, artificial environment
What is aquaculture
This fossil fuel generates most of the world’s electricity?
What is coal
Economic system in which the government owns the major industries
What is socialism
Name the precious metals
What are silver, gold and platinum
Products that generally last more than a year?
What are non-durable products
Useful substances that are found in and extracted from the earth
What are natural resources
The money and equipment necessary to build and operate businesses are called?
What is capitalism
Solid crystals that occur naturally, have a definite chemical composition, and are extracted from rock are called
What are minerals
The growing of large cash crops for profit
What is commercial farming
Goods shipped to other countries
What are exports
The study of the process by which individuals and countries make decisions about the use of their resources
what is economics
Industries that provide electricity, gas, water, trash collection, and sewage disposal are called?
What are utilities
Businesses who buy goods in large quantities from producers to sell in smaller quantities to other businesses
What is wholesale
Businesses take raw materials and change them into useful forms?
What are secondary industries
Name the common metals
What are lead, aluminum and and copper