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Ch 3 Early Humans and the Agricultural Revolutio ...

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  • Equilibrium
    The economic place where the supply and demand meet
  • Revolution
    any change that has a huge impact on many people's way of life.
  • Paleolithic
    relating to the earliest period of the Stone Age
  • fire
    Used for warmth, protection, cooking, and light
  • Neolithic Age
    relating to the latest period of the Stone Age
  • Opportunity cost
    What you give up in order to get or do something else
  • specialization
    the act of training for a particular job
  • Demand
    How much someone wants the good or service you have to offer
  • shrine
    a place where people worship
  • Scarcity
    A lack of resources
  • Good
    An item that is tangible--something you can touch
  • flint stone
    A stone used in weapons and tools
  • systemic agriculture
    the organized growing of food on a regular schedule
  • Service
    An action that you do for someone
  • systematic agriculture
    the organized growing of food on a regular schedule
  • Supply
    How much of a good or service you have
  • domesticate
    to adapt an animal to living with humans for the advantage of humans
  • technology
    an ability gained by the practical use of knowledge
  • Economy
    Resources people have and the exchange of goods and services
  • nomads
    people who move from place to place as a group to find food for themselves
  • Tangible
    Something you can touch
  • Woolly Mammoth
    a large, hairy, extinct animal related to modern day elephants
  • Migration
    A movement from one country or region to another based on a lack of resources in the old location
  • economy
    the system of economic life in an area or country; deals with the making, buying, and selling of goods or services
  • construct
    to build by putting parts together
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