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Peninsula - a piece of land almost surrounded by water, Assimilation - the process of taking in and fully understanding information or ideas, Cooperation - the process of working together to the same end, Literacy - the ability to read and write, Nationalism - identification with one's own nation and support for its interests, Factors of Production - the resources people use to produce goods and services; they are the building blocks of the economy, Retail - the sale of goods and services to consumers, Standard of Living - the degree of wealth and material comfort available to a person or community., Manufacturing - the processing of raw materials or parts into finished goods through the use of tools, human labor, machinery, and chemical processing, Supranational Organization - a multinational union or association in which member countries cede authority, Transportation Corridor - defined by one or more modes of transportation like highways, railroads or public transit, Gross Domestic Product - the value of the final goods and services produced in a country, Feudal System - a type of social and political system in which landholders provide land to tenants in exchange for their loyalty and service, Scarcity - the state of being scarce or in short supply; shortage,

Unit 4 Vocab Review

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