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Greg Recently Completed His College Degree in Construction Management

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Greg recently completed his college degree in construction management.He is heading to Mexico City to start a business developing apartment dwellings.After researching several potential areas,he chose Mexico City due to its high population.Greg felt that this factor would create a large labor pool,the most important of the five factors of production.


Definitions:

Cirque

An open-sided, bowl-shaped depression formed in a mountain, commonly at the head of a glacial valley; produced by erosion of a glacier.

Depression

A geological formation resulting from the sinking of the Earth's surface, forming a bowl-like or flat area lower than the surrounding ground.

Valley

An elongated lowland between ranges of mountains or hills, often having a river or stream running along the bottom.

Ridge

On a weather map, an elongated area of high atmospheric pressure.

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