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Published byBetty Lawrence Modified over 8 years ago
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Resources are uneven Resources determine what your country can make Resources are NOT evenly distributed through out the earth 80% of the population only has 20% or resources 20% of the population has 80% of resources
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resources and global trade GLOBAL TRADE occurs when countries trade with each other for something they each need This effects relationships with other countries ( need to stay on good terms with each other if you want the goods)
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Demand goes UP When demand for something increases, it causes supply to decrease ( because everyone is buying it) this may cause the price to rise not enough supply to go round companies know that people want it bad enough that they will pay whatever price THINK your ridiculously expensive tennis shoes or the price of gas
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Demand Goes DOWN If demand decreases, supply will increase and price will drop no one is buying the supply companies just want to get rid of it THINK, sales on winter clothes during the summer when no one wants them
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If it helps you remember... Demand and price tend to do the same thing Ex. demand drops so will price Supply will do OPPOSITE what demand does ex. demand drops supply will rise
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