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Materials or substances such as minerals, forests, water, and fertile land that occur in nature and can be used for economic gain. They can be renewable and nonrenewable.
Imperialism
Human Resources
Interdependence
Specialization
Comparative Advantage
Natural Resources
Developed Nation
Primary Economic Activity
A country that is economically and technologically less developed with lower living standards.
Imperialism
Human Resources
Interdependence
Specialization
Comparative Advantage
Natural Resources
Developed Nation
Primary Economic Activity
Two or more countries relying on each other for economic and political support.
Imperialism
Human Resources
Interdependence
Specialization
Comparative Advantage
Natural Resources
Developed Nation
Primary Economic Activity
The ability of countries to produce goods and services at lower relative costs than other countries.
Imperialism
Human Resources
Interdependence
Specialization
Comparative Advantage
Natural Resources
Developed Nation
Primary Economic Activity
Method of production whereby a country focuses on the production of a limited scope of goods and/or services to gain a greater degree of efficiency.
Imperialism
Human Resources
Interdependence
Specialization
Comparative Advantage
Natural Resources
Developed Nation
Primary Economic Activity
The labor force of a country, usually dependent on education, skills and ability.
Imperialism
Human Resources
Interdependence
Specialization
Comparative Advantage
Natural Resources
Developed Nation
Primary Economic Activity
Activities that deal directly with natural resources. Examples include fishing, farming, forestry, and mining.
Imperialism
Human Resources
Interdependence
Specialization
Comparative Advantage
Natural Resources
Developed Nation
Primary Economic Activity
The policy of extending the rule or influence of a country over other countries or colonies
Imperialism
Human Resources
Interdependence
Specialization
Comparative Advantage
Natural Resources
Developed Nation
Primary Economic Activity
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