Chapter 10

4. the value of the product after subtracting costs of production/materials
6. the theory that the best way to stimulate the economy is investing in businesses and giving them tax breaks
12. services and distribution (retail, transport)
13. two regions specialize in different resources, allowing them to mutually benefit through trade
14. when a company invests in a foreign country's economy to their own advantage
15. "the knowledge economy" (e. g. research and development, IT, education, media)
16. manufacturing and processing

1. development that doesn't deplete resources
2. economic growth stimulates more growth
3. composite statistic that measures a country's development
5. global inequality stems from developed nations exploiting developing nations, creating a cycle of dependency
7. some regions can produce goods or services easier than others, driving globalization
8. developing countries becoming more independent by producing own goods instead of importing
9. extraction of raw materials
10. using economic, political, and cultural pressures to control or influence countries
11. divides the "global north" from the "global south," highlighting differences in GDP and development