PRESENTATION OUTLINE
Sun Belt
A large area of the southern United States.
Ethnic Group
A group of people from the same country.
Internet
A network that links computers around the world for the exchange of information.
Teleconference
A meeting in which people are connected electronically with sounds and visual.
Folktale
Stories that are made up or exaggerated and are told over and over throughout the years.
Human Resources
People who are working.
Capital Goods
Land, buildings, machines, and tools needed to produce goods and services.
Scarcity
A situation in which people cannot have everything they want.
Command Economy
An economy where the government tells business owners exactly what to make.
Climograph
A climate graph.
Market Economy
An economy where goods and services are allocated largely by prices.
Competition
The contest among businesses to sell the most products.
Productivity
The measure of how many resources are needed to produce goods and services.
Specialization
Becoming skilled at one kind of job.
Trade-off
When you give up one thing to get another.
Opportunity Cost
What you give up to buy something.
Service Industry
An industry that provides services to people.
High-tech
Industries that build computers and electronics.
Globalization
Growth of the global economy.
Urban Sprawl
The spread of urban areas.
