GEOGRAPHY
Livestock: The horses, cattle, sheep, and other useful animals kept or raised on a farm or ranch
Goods: Possessions movable effects or personal property.
Currency: Money in circulation as a medium of exchange in a country
Herd: A number of animals feeding, traveling, or kept together;
Forestry: The science of planting and taking care of trees and forests.
Mining: The act, process, or industry of extracting ores, coal, etc., from mines.
Workforce: The total number of workers in a specific undertaking
Wholesale: The sale of goods in quantity, as to retailers.
Retail: The sale of goods to individual consumers
Inflation: A steady rise in the level of prices
Employment: An act or instance of employing a person or thing
Unemployment: The state of being unemployed involuntarily
Economic Activities: Actions that involve the production, distribution and comsumption of goods and services at all levels within a society
Economic Goods: Products and services generated by economic activity
Factors of production: Resources that are required for the generation of economic goods
Capital: Money, buildings and machinery and equipment used to produce goods and services. Payment for investing capital is called interest.
Economic system: Ways in which a country produces, organises, distributes and administers its material and human resources, and the economic goods that these generate, in order to provide for a high level of well-being
Capitalism: An economic system in which investment in and ownership of the means of production and distribution are privately or corporately owned.
Communism: A theory or system of social organization based on the holding of all property in common, with ownership by the state. This system has never worked out
Ore: A metal-bearing mineral that can be mined at a profit, or a mineral or natural product serving as a source of some nonmetallic substance, as sulfur
Scarce: Insufficient or rarely found or seen
Retail: The sale of goods to individual consumers
Wholesale: The sale of goods in quantity, as to retailers
Entrepreneurship: A person who organizes and manages an enterprise, esp. a business, usually with considerable daring, skill, and financial risk.
Entrepreneur: A person who organizes and manages an enterprise, esp. a business, usually with considerable daring, skill, and financial risk.
Wages: Money paid or received for work or services
Steel: A form of iron made with carbon.
Offshore: At a distance from the shore
