carry on Flashcards
what is a negative trade balance
what causes it
A negative balance of trade occurs when there is more imports then
exports.
This can happen due to unfair trade.
how does unfair trade occur
occurs when developed countries make business laws that put themselves at an advantage over their trading partners.
how can economic development occur I poor countries
it can occur if rich nations open their markets to imports from developing countries
because then these countries will earn foreign currency.
list some Geographical reasons for differences in development
Climate
Location
Resources
Environmental stability
CLIMATE
climate :where are the poorest countries located in
in the tropics, where it is hot.
Land is less fertile,
water is scarce
there is a lot of diseases.
CLIMATE
which continent have good climate
Europe and North America have
huge areas of fertile land, a
temperate climate
good rainfall.
there Agricultural development is
cheaper because there is adequate
rainfall.
LOCATION
what does location play a part in
in access to markets.
LOCATION
explain. hw location plays a role in poor countries
It is difficult for countries that are landlocked or situated in high mountain ranges to transport goods to markets, these countries are often poor.
LOCATION
give an example of poor countries
Ethiopia or Lesotho
trade very expensive. because they are landlocked and mountainous,
RESOURCES
what is Saudi Arabia rich in
in oil
RESOURCES
wat does SA have
gold and diamonds
RESOURCES
what does non renewable mean
means that once they are finished they cannot
be replaced.
RESOURCES
give examples of renewable resources
paper , wood , fish
RESOURCES
if resources are used correctly what will happen to them
they will refresh themselves.
