Geography and key economic terms

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6 Terms

1
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What is a region?

An area sharing common characteristics

2
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What is a place?

A location with distinctive natural and human features

3
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What is scale in geography?

The level of analysis, such as local, national or global

4
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What is economics?

The study of how goods and services are produced, distributed and consumed

5
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What is GDP?

The total value of goods and services produced in a country over a period

6
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What is inflation?

A rise in the general prices of goods and services over time