resources and world trade. natural resources products of the earth that people use to meet their...
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Resources and World Trade
Natural Resources
Products of the earth that people use to meet their needs
Not evenly distributed throughout the world
Renewable Resources
Natural resources that cannot be used up or can be
replaced naturally or grown again.
Examples:
Wind Sun
Soil Grassland
Plants Animals
Forests Water
Energy From Rerenewable Resources
Hydroelectric power – energy generated by falling water
Solar Energy – energy produced by the sun
Wind Energy – energy generated bythe wind
Geothermal Energy –energy produced from the earth’s internal heat
Steaming ground in the
Philippines
Nonrenewable Resources
Natural resources such as metals and minerals that
cannot be replaced easily
Examples:
Fossil fuels
Coal
Oil
Natural Gas
Uranium, copper, nickel, bauxite, diamonds, gold, silver,
tungsten, aluminum, etc.
Energy From Nonrenewable Resources
Nuclear Energy – power made by creating a controlled atomic reaction (splitting of uranium atoms)
Fossil Fuels
Coal mine
Oil rig
Drilling for natural gas
World Trade
Export – to trade goods to another country
Import – to buy goods from another country
Barriers to trade
Tariff – a tax added to the price of goods that are imported
Countries try to get their own people to buy products made in their own country instead of buying imported goods.
Quota – limit how many items of a particular product can be imported from a particular countryComplete ban – stop trading with a country altogether
Free trade – taking down trade barriers so that goods flow freely among countries
Examples:European Union
• Largest free trade agreement
• Includes most of Europe
North America Free Trade Agreement (NAFTA)
• USA, Mexico, and Canada
Developed Countries – countries that have a great deal of manufacturing
Examples:• United States• Canada• Australia• Japan • Great Britain• Italy• South Korea• Germany• Spain
Manufacturing – process of turning raw materials into a finished product
Developing Countries – countries that areworking toward industrialization
Examples: Bhutan Haiti Bangladesh Honduras Benin Eritrea Madagascar Somalia Vanuatu
Land Use
Commercial farming - growing food for sale Grow one or two crops
Examples:
Cotton plantations
Coffee plantations
Citrus farms
Banana plantations
Apple orchards
Occurs in developed countries (USA, Europe)
Coffee plantation
Subsistence farming – grow only enough food for the family
Grow a variety of crops
Practiced in developing countries
Subsistence farmers
Land Use