Chapter 10-11 Mind Map

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Chapter 10-11 Mind Map by Mind Map: Chapter 10-11 Mind Map

1. Fracking- The process of injecting liquid at high pressure into subterranean rocks so as to force open existing fissures and extract oil or gas

2. BRIC- Acronym for the combined economies of Brazil, Russia, India, and China. These countries are expected to grow faster than the developed countries.

3. Types Of Economic Activities

3.1. Primary- Economic activity concerned with the direct extraction of natural resources from the environment

3.2. Secondary- Economic activity involving the processing of raw materials

3.3. Tertiary- Economic activity associated with services

4. Rostows Model Of Economic Growth

4.1. 1. Traditional Society- Made primarily of subsistence farming, low labor productivity and little surplus output left to sell.

4.2. 2. Pre-Conditions For Takeoff- Agriculture becomes more mechanized and there is more trade.

4.3. 3. Take-Off- Manufacting industry becomes more important, political and social institutions start to develop.

4.4. 4. Drive To Maturity- Industry becomes more diverse, growth spreads to different parts of the country, better use of innovation

4.5. 5.Age Of Mass Consumption- Output levels grow, allowing increased consumer expenditure, there is a shift to tertiary sector activity.

5. Chernobyl- A catastrophic nuclear accident that occured on April 26 1986 at the Chernobyl Nuclear power plant in Ukraine

6. Proven vs. Unproven Energy Reserves

6.1. Proven Energy Reserves- Proven energy reserves have a reasonable certainty of being recoved.

6.2. Unproven Energy Reserves- Unproven energy reserves have a decreased level of certainty in being recovered.

7. Value Added- The amount by which the value of an article is increased at each stage of

8. The Worlds Largest Consumers Of Energy

8.1. 1. China

8.2. 2. United States

8.3. 3. Russia

8.4. 4. India

8.5. 5. Japan

9. Fair Trade- A system of trade designed to provide producers of exports from low income countries with a livable wage and fair labor practices

10. Renewable Energy Sources

10.1. Solar Power- Energy from the sun created by solar panels

10.2. Wind Power- Energy from wind created by wind turbines

10.3. Nuclear Power