2 Section 1 World Resources Capital ResourcesThe money and machines used to produce goods and services.Human ResourcesThe people who perform various tasks.
3 Natural ResourcesMaterials that people take from the natural environment to survive and to satisfy their needs.2 types of resourcesRenewable ResourcesNonrenewable Resources
4 Renewable ResourcesThe environment continues to supply or replace them.SoilFresh WaterSun
5 Nonrenewable Resources Cannot be replaced once they have been used.Minerals formed in the earth’s crust over millions of years.Fossil Fuels
6 Fossil FuelsCoal, oil, and natural gasFormed from the remains of ancient plants and animalsRecycle and reduce consumptions help nonrenewable resource use.
7 Energy SourcesMain energy source is nonrenewable fossil fuels.Oil reserves will be depleted in less than 100 years.Coal reserves will last another 200 years, but cause heavy pollution and acid rain.
8 Oil- over half of the world’s known supply is in Southwest Asia. Natural Gas- Northern Eurasia has the world’s greatest reservesCoal- U.S., China, and Russia have rich deposits.
9 Nuclear EnergyProduced by fission- the splitting of uranium atoms in a nuclear reactor to release their stored energy.Problems with nuclear energy- leaks, explosions, and disposal (remains toxic for thousands of years).
10 Geothermal EnergyEnergy that comes from the earth’s internal heat.Used by Iceland, Japan, Italy, and New Zealand
11 Solar EnergyEnergy produced by the sun.Potentially the greatest renewable energy source.
12 Section 2 World Economic Activity Primary ActivitiesAgriculture and farmingSecondary ActivitiesIndustries that process natural resourcesManufacturingTurning raw materials into finished products.
13 Tertiary ActivitiesService industries- transportation, advertising, government, banking, health care, teaching, etc.Businesses that are not directly related to the gathering of raw materials or to manufacturing.
14 Developed CountriesModern industrialized societiesFrance, U.S., JapanDeveloping CountriesLack industries and modern technologyDepend on developed countries for many of their manufactured good.
15 GNP- Gross National Product Measures the total value of goods and services produced in a year.In the late 1990s the U.S. led all nations of the world in the yearly value of its economic production.The nation's annual GNP reached $7.7 trillion in 1997.
16 Per Capital GNPThe GNP divided by the country’s total population.Per capita GNP of $28,740 in 1997The people of the U.S. had one of the world's highest standards of living.
17 FarmingDeveloping countries- 50% of the population farms for a living.Developed countries- less than 10% of the population farms for a living.
18 Gatherers and HuntersNomadic lifestyle of gathering what grows natural and following herds of animals.Travel from place to place depending on the climate.
19 Subsistence FarmingPeople grow only enough for their own family’s or village’s needs.Mainly grow food to eat, not to sell.Mainly in Developing Countries.
20 Commercial FarmingFarmers raise crops and livestock to sell in the market.Mainly in Developed CountriesGeo Facts- p. 105Approximately 40% of the world’s grain supply goes to feed livestock.