Podcast
Questions and Answers
Match the following terms with their definitions:
Match the following terms with their definitions:
Economy = A system of interactions that rely on the exchange of goods and services Goods = A physical item that is exchanged in an economy Renewable = A natural resource that will never run out Mining = Harvesting natural resources from the Earth
Match the following activities with their descriptions:
Match the following activities with their descriptions:
Agriculture = The growth and sale of plants and food Tourism = Spending money to travel and explore new places Services = An action that is performed for someone as part of an economy Natural Resources = Sources of energy that are already present on Planet Earth
Match the types of natural resources with their characteristics:
Match the types of natural resources with their characteristics:
Renewable = A natural resource that will never run out Nonrenewable = A natural resource that will one day run out Natural Resources = Sources of energy that are already present on Planet Earth Mining = Harvesting natural resources from the Earth
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Study Notes
Economy
- A system of interactions that rely on the exchange of goods and services.
Key Definitions
- Agriculture: The growth and sale of plants and food.
- Natural Resources: Sources of energy that are already present on Planet Earth.
- Goods: Physical items that are exchanged in an economy.
- Services: Actions performed for someone as part of an economy.
Renewable and Nonrenewable Resources
- Renewable: A natural resource that will never run out.
- Nonrenewable: A natural resource that will one day run out.
Extracting Natural Resources
- Mining: Harvesting natural resources from the Earth.
Travel and Exploration
- Tourism: Spending money to travel and explore new places.
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