THE FINAL ASSESMANT Flashcards
(27 cards)
What is globalization?
Globalization is the process of increasing interconnectedness and interdependence among countries through trade, communication, and technology. It involves the exchange of goods, services, ideas, and cultural practices across borders
What causes globalization
Globalization is driven by:
Technology: Improved communication and transport.
Trade: Easier global trade and business.
Investment: Multinational companies operating globally.
Travel and Migration: Increased travel and migration allow people to move and interact across borders, spreading cultures and ideas. This brings economic benefits as poorer workers - can be used by international companies to reduce cost
Media: Global reach of information and entertainment.
TNC’s
A company that operates in more than one country . Headquarters is in one country
Human impact
Refers to how human activities affect the natural environment, often leading to environmental degradation and climate change.
Land
In economics, land refers to all natural resources used in production, such as soil, forests, minerals, and water bodies. Itt is a limited resource.
Capital
Capital refers to financial resources or assets that are used to produce goods and services. It includes money, machinery, tools, and buildings that are invested to generate income or support business activities.
Labor
Labor is the human effort (physical and mental) used in the creation of goods and services. It includes all workers from manual laborers to professionals.
Technology
Technology is the application of scientific knowledge to improve tools, machines, systems, and methods of doing tasks more efficiently. Depends on land, labor and technology
Global culture
A shared set of cultural traits and norms that spread across the world due to globalization. It results in similarities in lifestyle, entertainment, and values.
Conquistadors
Conquistadors were Spanish soldiers and explorers in the 16th century who conquered lands in the Americas. They claimed territories for Spain and defeated native civilizations like the Aztecs and Incas. Often accompanied by missionaries
Exploration
The act of traveling to unknown or less-known regions to discover new lands, people, and resources, often driven by trade and colonization motives.
Natural resources
Naturally occurring substances or materials that are used by humans for survival and economic activity. They can be renewable or non-renewable.
Biotic & abiotic resources of energy
Biotic resources come from living things (like biomass, wood, animal waste). Abiotic resources are non-living (like sunlight, wind, and water).
Renewable
These are energy sources that naturally replenish and won’t run out. They’re also eco-friendly and cause less pollution.
Non - renewable
These are limited sources that cannot be replaced once used. They often cause pollution and take millions of years to form.
Sustainable resources of energy
Energy sources that do not deplete natural resources or harm the environment, ensuring long-term energy availability.
Colony
A region controlled and governed by a more powerful country. Colonies were often used for resources and strategic control.
Geothermal power
Energy obtained from heat inside the Earth, often by using steam from hot underground reservoirs to power turbines.
Hydroelectric power
Electricity produced by water flow (often dams) that turns turbines. It’s a renewable and clean energy source.
Wind power
Electricity generated when wind turns large turbines. It’s a sustainable and non-polluting energy source. They also reduce carbon emissions
Solar power
energy from the sun’s radiation captured by solar panels and converted into electricity or heat.
Silk route
The Silk Route (also called the Silk Road) was an ancient network of trade routes that connected Asia, the Middle East, and Europe. It started in China and went all the way to the Mediterranean Sea.
Labour availability
Refers to how much human workforce is present and willing to work in a region. It affects industries and economic growth.
Grassland Biome
Definition: Large open areas covered mainly with grasses and few trees; found in places with moderate rainfall.
Human Impact: Overgrazing by livestock, agriculture, and land clearing reduce biodiversity and damage soil.