Key Concepts in Chapter 12:
Development of the U.S. Economy

 
 
Concept
Attributes
[audio]Economic Systems
  • Exchange of goods and services
  • Distribution-transportation network
  • Labor supply-workforce
  • Supply-demand schedule
  • [audio] Industrialization
  • Geographic places (relative and absolute)
  • Topographical landforms
  • Biomes and climates
  • [audio]Physical Environments
  • Equipment for farming
  • Transportation for crops
  • Natural resources
  • Demand for crops
  • [audio]Social Environments
  • Population of people
  • Settlement patterns
  • Ethnic composition



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