Barter & Trade
Define Barter
To exchange goods and services without payment of money.
What is a Renewable Resource?
A resource that can be used repeatedly without being depleted.
Define Primary Industry
These industries find or grow raw materials to use for other products.
Define Stewardship
The responsible use of the land and its resources using sustainable practices and conservation. Stewards are the protectors of the land.
Where is most of the world's chocolate produced?
Ghana.
Define Trade
The transfer of goods and services, often using currency
Give TWO examples of a renewable resource
• Solar • Eolic (wind) • Hydropower • Sea Wave • Geothermal
Define secondary industry
The manufacturing industry that converts the raw materials into products for consumers to buy.
Define sustainability
The ability to meet our needs without compromising the needs of future generations.
What is fair trade?
Fair Trade guarantees a minimum price for farmers. If the market price fluctuates below a certain price, farmer are guaranteed a minimum fair-trade price.
What are the characteristics of barter systems?
Goods and services exchanged • Negotiations needed • Work with high resources and low funds • Multiple exchanges, cannot set a set price
What is a non-renewable resource?
A resource that cannot be replaced as quickly as it is used. These resources have a limited supply.
Define tertiary industry
The industries that serve the people in the community.
What are the three pillars of sustainability
Environmental, Economic, Social
How much cocoa in Cote D'ivoire is sold under fair-trade terms?
Only 8%.
What are the characteristics of trade systems?
• Currency used • Prices are consistent • Less time consuming • Currency is durable • Financial gain and growth • Credit • Currency is easily divisible
Give TWO examples of a non-renewable resource
Oil • Coal • Natural Gas • Nuclear • Metal Ores and Minerals
Give an example of primary industry
Potential answers: Agriculture, farming, fishing, trapping, oil and gas, logging and forestry, and mining.
What sustainable practice can you implement in your life today?
Answers will vary. Teacher will decide if correct.
Define environmental sustainability
Environmental sustainability is the maintenance of the environment and natural resources. Conservation of natural resources and environmental practices are the focus of this pillar.
Define producer & consumer
Producer: An individual, company, or country that makes, grows, or produces goods or services.
Consumer: An individual, company, or country that buys goods or services.
Define GDP and tell me what GDP stands for.
Stands for Gross Domestic Product; this includes any good or service that contributes to the economy. Example: A product sold in a store, a postal worker delivering mail, a company mining coal, and growing and producing your own food for personal consumption.
Potential for second: Oil Refineries, construction, or factories that make food, clothing, technology, and furniture.
Potential for tertiary: Schools, medical care, restaurants, groceries, haircuts, lawyers, police, banks, and engineers, etc.
Define social sustainability
focuses on the human rights of people. People should have their basic needs met and have their rights respected. Communities should be able to keep families healthy and secure, without being discriminated against or exploited.
How is Geothermal energy created?
Geothermal energy is created by the natural heat from the earth’s core. A deep well is dug to access hot steam and water, which turns turbines to create energy. This is becoming a popular method of heating homes and buildings.