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What defines renewable resources?
Renewable resources are resources that can be regenerated if used carefully, such as solar energy, wind energy, and water.
What are non-renewable resources?
Non-renewable resources are limited resources that cannot be replaced once they are used up, such as coal, oil, and natural gas.
What are flow resources?
Flow resources are resources that are replaced by natural actions and must be used when and where they occur, such as sunlight and wind.
What is an ecological footprint?
An ecological footprint is the amount of land and resources needed to support how people live, including energy, food, and water consumption.
What characterizes primary industries?
Primary industries focus on producing or extracting natural resources, such as farming, fishing, and mining.
What is the focus of secondary industries?
Secondary industries focus on making products using the outputs of primary industries, such as manufacturing and construction.
Describe tertiary industries.
Tertiary industries focus on providing services that are not included in primary and secondary industries, such as healthcare and education.
What is the quaternary industry?
Quaternary industries offer specialized knowledge-based or technological services, like R&D and data analysis.
Define basic industry.
A basic industry is a job that brings money into an economy from outside sources, such as manufacturing for export.
What is the multiplier effect?
The multiplier effect is the increase in total wealth or income that occurs when raw money is injected into an economy.
What are the Three Rs in resource management?
The Three Rs are Recycling, Reusing, and Reducing, which aim to conserve resources and minimize waste.
How can individuals and industries rethink resource use?
They can use resources wisely through choices, laws, incentives, and technology to reduce waste and improve sustainability.
What is outsourcing?
Outsourcing is the practice of moving part of a company's operation to another country to reduce costs.
What impacts do manufacturing towns have?
Manufacturing towns develop primarily due to factory jobs and often rely heavily on manufacturing for their economy.
What are the seven factors influencing manufacturing location?
Factors include location of customers, proximity to raw materials, availability of fresh water/power, labor supply, transportation, political factors, and circumstance.
What is free trade?
Free trade is international trade without tariffs or barriers to trade.
What is the purpose of tariffs in protectionism?
Tariffs are taxes on imports intended to protect local industries by making foreign goods more expensive.
What was USMCA (formerly NAFTA)?
USMCA is the trade agreement that replaced NAFTA, facilitating easier and cheaper trade between Canada, the U.S., and Mexico.