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16 Cards in this Set

  • Front
  • Back

Ecological footprint

Textbook: The area of the earth's surface necessary to sustain the level of resources a person uses and the waste she or he creates.



Online: The ecological footprint is a measure of human demand on the Earth's ecosystems, the amount of natural capital used each year. The footprintof a region can be contrasted with the natural resources it generates.

Sustain

Textbook: provide the basic necessities needed to support life.



Online: Strengthen or support physically or mentally.

Sustainability

Textbook: The degree to which Earth is able to provide the resources necessary to meet people's needs



Online:In ecology, sustainability is the capacity to endure; it is how biological systems remain diverse and productive indefinitely. Long-lived and healthy wetlands and forests are examples of sustainable biological systems. In more general terms,sustainability is the endurance of systems and processes.

Stewardship

Textbook: Accepting responsibility for ensuring thay the earth's resources remain sustainable.



Online:Stewardship is an ethic that embodies the responsible planning and management of resources. The concepts of stewardship can be applied to the environment and nature, economics, health, property, information, theology, etc.

Flag of convenience

Textbook: A flag flown by ships when they are registered in a country that is not the country of their owner.



Online:Flag of convenience is the business practice of registering a merchant ship in a sovereign state different from that of the ship's owners, and flying that state's civil ensign on the ship. Ships are registered under flags of convenience to reduce operating costs or avoid the regulations of the owner's country.

Economic globalization

Is the increasing economic integration and interdependance of national, regional, and local economies across the world through cross border movement of goods, services, technologies, and capital.

Reparations

The making of amends for a wrong one has done, by paying money to or otherwise helping who have been wronged.

Communism

A political theory derived from Karl Marx, advocating class war and leading to a society in which all property is publicly owned and each person works and is paid according to their abilities and needs.

Economic depression

In economics, a depression is a sustained, long-term downturn in economic activity in one or more economies.

Market economy

A market economy is an economy in which decisions regarding investment, production, and distribution are based on supply and demand, and prices of goods and services are determined in a free price system.

Outsourcing

A practice used by different companies to reduce costs by transferring portions of work to outside suppliers rather than completing it internally.

Containerization

Is a system of intermodal freight transport using intermodal containers made of weathering steel. The containers have standardized dimensions.

Trade liberalization

The removal or reduction of restrictions or barriers on the free exchange of goods between nations.

Free trade

International trade left to its natural course without tariffs, quotas, or other restrictions.

Consensus

General agreement

Sanctions

A penalty from the WTO (most likely), when a country is not being fair within trade.