Vocabulary
A backpack is an example of a ....
good
What is HDI and what does it measure?
2. measures country overall achievement in three categories: health education and standard of living
method by which a society organizes and allocates resources
economic system
What is the practice of cultivating the soil, growing crops, and raising animals for food?
agriculture
What are the routes, flows, and products involved in the exchange of goods and services?
trade route
a haircut is an example of a ...
service
What reflects the overall health and well being of a population?
life expectancy
In what economy are prices determined by supply and demand?
market economy
What form of farming is made to meet the needs of an individual or family?
subsistence farming
What was the vast network of trade routes connecting Asia to Europe?
Silk Road
A nation's _________ measures access to knowledge, employment opportunities, and quality of life.
literacy
what is the level of wealth comfort, material goods, and necessities available to individuals or groups in a particular geographic area.
standard of living
In what economy does the government exert strong control over the economy?
command economy
What transformed countries from agriculture based economies to industry based economies?
Industrial Revolution
What major event caused the end of the Silk Road?
Ottoman Empire invasion of the Middle East.
place where people establish semipermanent or permanent community
settlement
what is the use of resources to make sure a settlement can survive for future generations?
sustainable development
In what economy are decisions made by both the government and the private sector?
mixed economy
What form of agriculture is based on large scale farming made to produce a profit?
commercial farming
What is the practice of hiring an external organization or individual to perform tasks, functions, or services.
outsourcing
what influences a settlement growth, sustainability, and quality of life?
the environment
What is IMR and what does it measure?
1. Infant Mortality Rate
2. measures infant deaths per 1000 births in a year
In what economy is a barter system common?
traditional economy
What are small decentralized businesses typically carried out in a home or small workshop?
Cottage industries
What type of economy has limited growth and innovation?
traditional economy