APES Ch. 23 Flashcards

14691558183	economics	goods and services	0
14691564946	economic system	social institutions (socialism, communism)	1
14691568250	free-market system	supply and demand	2
14691571309	natural capital	resources provided by the earth's natural processes	3
14691576489	human capital	people's physical and mental talents	4
14691582561	manufactured capital	tools and materials	5
14691583563	economic growth	-increased capacity to supply goods and services -requires increased production and consumption -requires more consumers	6
14691605603	economic development	improvement of living standards by economic growth	7
14691610890	environmentally sustainable economic development	using political and economic systems to discourage environmentally harmful and unsustainable forms of economic growth that degrade natural capital, and to encourage environmentally beneficial and sustainable forms of economic development that help sustain natural capital	8
14691622001	use resources more sustainably	1. full-cost pricing 2. subsidizing environmentally beneficial goods/services 3. taxing pollution & waste instead of wages on products	9
14691630567	cap-and-trade	incentive based; to reduce SO2 * cap: companies pay penalties if they exceed the cap * trade: market for companies to buy and sell allowances that permit them to emit only a certain amount	10
14691646328	poverty	people who can't meet basic needs (1/5 of the population lives on less than $1.25 a day)	11
14691652819	reducing poverty helps reduce:	* population growth * resource use * environmental degradation	12
14691659278	microloans	* give hope to the poor * $5-$500 * mostly women	13