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Social Studies Chapter 1 Vocabulary

Vocabulary games

AB
tradethe buying and selling of goods
consumera person who spends money on goods and services
specializationthe result of people making the goods they are best able to produce with the resources they have
economythe system people use to produce goods and services
regionan area with certain characteristics that set it apart from surrounding areas
opportunity costthe most important thing that people give up so they can have or do something else
scarcitya lack of something
human resourcea person and the skills and knowledge he or she brings to the job
capital resourcea tool, machine, or building people use to produce goods and services
equatorthe imaginary line dividing the Northern and Southern Hemispheres
climatethe type of weather in a place over a long period of time
plateaua high, steep-sided area that rises above the nearby land
landforma physical feature of the earth's surface
geographythe study of the world and its features



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