Water in the World & Trade Concepts

Water in the World

• Ninety-seven percent of Earth's water is saltwater contained in oceans.
• Only three percent is freshwater, primarily locked in glaciers and ice caps, with the remainder found in rivers, lakes, and groundwater.
• The water cycle involves evaporation (water turning to vapor), condensation (vapor turning to clouds), precipitation (water falling as rain, snow, etc.), and collection (water gathering in bodies of water).

Interconnection of Trade

• Trade involves the exchange of goods and services between individuals, businesses, or nations.
• Domestic trade occurs within a country, while international trade involves exchanges between countries, including imports (goods coming in) and exports (goods leaving).
• Global trade networks use various routes (historical, like the Silk Road, and modern shipping lanes) and transportation methods (ships, planes, trains, trucks).
• Geographic factors (resources, climate, location), economic factors (strength, technology, infrastructure), and political factors (trade policies, tariffs) all influence trade.
• Benefits of trade include economic growth, cultural exchange, and improved access to a wider variety of goods.
• Potential challenges include economic dependency, environmental impact (pollution and habitat destruction), and inequality in economic benefits.