Economics: Vocab

This economic activity is led to by natural resources

and availability of human resources

• Farming

• Industry

• Education

• Transportation

A natural resource that cannot be readily replaced by

natural means at a quick enough pace to keep up with

consumption such as fossil fuels and metals

• Non-renewable resources
• Eco-friendly resources
• Sustainable resources
• Replenishable resources

The people who make up the workforce of an

organization, business sector, industry, or economy

• Employee benefits
• Human Resources

• Workforce management
• Corporate structure

The number of people living in cities

• Comparative Advantage

• Literacy Rate

• Infant Mortality Rate

• Percentage of Urban

  Population

Services (e.g., transportation, retail trade, information

technology services)

• Secondary Economic Activity

• Primary Economic Activity

• Tertiary Economic Activity

• Quaternary Economic Activity

A natural resource which will replenish at a quick

enough pace to replace the portion depleted by usage

and consumption, such as soil, water, wind, and

forests

• Depletable resources
• Nonrenewable resources
• Limited resources
• Renewable resources

This economic activity is led to by fertile soil and

availability of water

• Agriculture
• Mining
• Construction
• Fishing

This is how much of the economy is devoted to

primary, secondary, tertiary, or quaternary economic

activity

• Labor Force Characteristics

• Human Resources

• Industry

• Agriculture

A country that does not have an outlet to an ocean

• Maritime country
• Landlocked country
• Seafaring country
• Oceanic country

Goods produced and used to make other goods and

services. Can include: money, infrastructure, tools,

machines, and technologies

• Human Resources

• Means of production
• Capital Resources

• Naturdal Resources