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Understanding Economic Terms and Map Themes

This resource explores key economic concepts and map themes fundamental to understanding geography and economics. It discusses terms like trade, specialization, and scarcity, and explains map elements including physical and political maps, the compass rose, and scale. The document addresses how these concepts influence human interactions with the environment, the movement of goods and services, and the classification of regions. Ideal for students and educators, this guide provides clarity on essential terms that bridge economics and geography.

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Understanding Economic Terms and Map Themes

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  1. Economic Terms Map Terms 5 Themes M1 M2 5 pt 5 pt 5 pt 5 pt 5 pt 10 pt 10 pt 10 pt 10 pt 10 pt 15 pt 15 pt 15 pt 15 pt 15 pt 20 pt 20 pt 20 pt 20 pt 20 pt 25 pt 25 pt 25 pt 25 pt 25 pt

  2. To trade

  3. Barter

  4. When a waiter takes your order at a restaurant it is known as…

  5. Service

  6. What is the making, buying, and selling of goods and services called?

  7. Economics

  8. When an individual or company focuses on doing one task.

  9. Specialization

  10. The term used to describe when there is limited resources.

  11. Scarcity

  12. What device on a map helps you determine direction?

  13. Compass Rose

  14. Symbols on a map are explained in the…

  15. Legend/Key

  16. Maps that help you to see landforms and bodies of water.

  17. Physical Maps

  18. What device is used to determine distance on a map?

  19. Scale

  20. These types of maps show features that humans have created on Earth’s surface.

  21. Political Maps

  22. The way people, goods, and ideas travel from place to place is known as?

  23. Movement

  24. This theme describes where places are at on the earth.

  25. Location

  26. A group of places with common features. (Ex: Latin America)

  27. Region

  28. This theme is defined by its unique characteristics.

  29. Place

  30. This theme describes how the environment and people interact.

  31. Human Environment Interaction

  32. Lines that show distances east and west of the Prime Meridian.

  33. Longitude Lines

  34. Name the theme that explains an exact location on earth.

  35. Absolute Location

  36. The positive gain after subtracting for all expenses.

  37. Profit

  38. The imaginary line that shows distances north and south of the equator.

  39. Latitude Lines

  40. Anyone who makes or grows a good or performs a service.

  41. Producer

  42. Government power is limited by the people.

  43. Limited Government

  44. An economy where companies compete against each other for business.

  45. Market Economy

  46. Money that the government collects from individuals and businesses to pay for public goods and services.

  47. Taxes

  48. A person who comes up with a product or service, or a better way to produce one.

  49. Entrepreneur

  50. Government has unlimited power or control.

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