| A | B |
|---|
| natural resource | materials from the Earth that people use to meet their needs |
| renewable resource | materials from the Earth that can be replaced |
| nonrenewable resource | materials from the Earth that are limited; Once they are used up, they are gone. |
| economic system | a method used to decide what to produce, who will produce it, and who will receive the products |
| developed country | a country with agriculture, a lot of manufacturing, and services |
| developing country | a country with little industry; agriculture is important; personal incomes are generally low |
| newly industrialized country | a country that is increasing its manufacturing sector |
| export | to sell goods to other countries |
| import | to buy goods from other countries |
| tariff | a tax on imported goods |
| quota | a limit on how many items of a particular product can be imported |
| free trade | the removal of trade barriers or trade limits |
| interdependence | countries rely on each other for ideas, goods, services, and markets |
| finite | limited in supply |
| finance | provide funds or capital; to provide money |
