1. Resources and World Trade

2. Natural Resources  Products of the earth that people use to meet their needs  Not evenly distributed throughout the world

3. 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

4. Energy From Rerenewable Resources

5. Hydroelectric power – energy generated by falling water

6. Solar Energy – energy produced by the sun

7. Wind Energy – energy generated by the wind

8. Geothermal Energy – energy produced from the earth’s internal heat Steaming ground in the Philippines

10. 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.

11. Energy From Nonrenewable Resources

12. Nuclear Energy – power made by creating a controlled atomic reaction (splitting of uranium atoms)

14. Fossil Fuels Coal mine Oil rig Drilling for natural gas

15. World Trade

16. Export – to trade goods to another country

17. Import – to buy goods from another country

18. 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 country Complete ban – stop trading with a country altogether

19. 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

20. Developed Countries – countries that have a great deal of manufacturing Examples: United States Canada Australia Japan Great Britain Italy South Korea Germany Spain

21. Manufacturing – process of turning raw materials into a finished product

23. Developing Countries – countries that are working toward industrialization Examples: Bhutan Haiti Bangladesh Honduras Benin Eritrea Madagascar Somalia Vanuatu

24. 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)

25. Coffee plantation

26. Subsistence farming – grow only enough food for the family  Grow a variety of crops  Practiced in developing countries

27. Subsistence farmers

29. Land Use