Geography - Resources and Industry Test

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27 Terms

1

total stock

all the parts of the natural environment (energy, living organisms, non-living materials)

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2

resource

anything in the total stock which can be used to make goods and services (raw materials, workers, money, land)

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3

natural resources

resources that are found in the natural environment

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4

renewable resources

resources that can be regenerated if used carefully (soil, forests, fish stocks)

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5

non-renewable resources

resources that are limited and cannot be replaced if used up (fossil fuels, minerals)

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6

flow resources

are replaced by natural actions and are lost if not used when and where they occur (sunlight, wind, water currents)

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7

other resources

do not fit into the other 3 categories (Northern Lights, Rocky Mountains, Niagara Falls)

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8

planned obsolescence

  • when manufacturers deliberately design a product with a limited lifespan

  • the materials and technology used ensure that the product won’t last as long as the consumer might want forcing the consumer to buy more of those products

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9

3 renewable resources

  1. farming

  2. forestry

  3. fishing

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10

mining the resource

  • the harvest is more than the amount replenished each year

  • stocks are depleted

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11

sustained yield management

  • the harvest is equal to or less than the amount replenished each year

  • stocks are maintained or increased

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12

aridity index

a value used to show water availability

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13

R/P ratio

  • the ratio between the reserves of it and its production

  • R stands for reserves and how much of the resource is available

  • P stands for production and how much is being take each year

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14

metallic minerals

  • a mineral that yields a metal when melted (i.e. iron, gold copper)

  • typically comes from igneous and metamorphic rocks

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15

non-metallic minerals

  • a mineral that does not change its form when melted (i.e. sand, gravel, diamonds)

  • commonly from sedimentary rocks

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16

NIMBY

  • stands for “not in my backyard”

  • an issue for many Canadians because while they want to see progress and development they usually don’t want it in their own backyard

  • example: nobody wants to live near an oil sands refinery, a wind farm or a pipeline but we all want to have reliable access to gasoline and electricity

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17

outsourcing

when a company moves its operation to another country

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18

reasons for outsourcing

  • cheaper labour costs

  • less stringent labour and environmental controls

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19

primary industry

industry that focuses on producing or extracting natural resources (forestry, agriculture, mining, fishing)

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20

secondary industry

industry that focuses on making things and using the products of primary industries (manufacturing, construction, utilities)

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21

tertiary industry

industry that focuses on providing services (wholesale, entertainment, services)

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22

quaternary industries

  • intellectual activities

  • government, culture, libraries, scientific research

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23

quinary industries

  • highest level of decision making in an economy

  • top executives and decision makers in large organizations

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24

trade balance

the difference between the value/ cost of exported and imported goods

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25

basic job

brings money into an economy

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26

non-basic job

circulates money in an economy

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27

multiplier effect

the increase in total wealth or income that occurs when new money is injected into an economy

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