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geography chap.3-4
economic activitys
Question | Answer |
---|---|
Economic | anything to do with money jobs, commerce |
Scarcity | limited quantities of re-sources to meet unlimited wants |
Traditional economies | farming, hunting bartering |
Primary economic activities | direct use of natural/raw re-sources such as mining or agriculture |
economic activities | use of natural/ raw resources to make consumer products such as manufacturing |
Tertiary economic activities | people-based activities such as service jobs such as waitresses or retail sales |
Quaternary economic activities | Highly skilled proffesionals which deal with movement and processing information such as specialized reserchers |
Economic spectrum | scale describing th amount of government |
Sustenance agriculture | farming to feed immediate family only |
Quaternary economic activities | higly skilled professions which deal with movement and processing information. |
Economic spectrum | Scale describing the amount of government and private influeces on the distribution and use of factors of production. |
Sustenance agriculture | Faming to feed immediate family only. |
Commercial agriculture | Large scale farming done for profit |
Commerce | The buying and selling of goods or services. |
Manufacturing | Mass production of goods using machines. |
Goods | Agricultural and manufactured products. |
Services | Actions or activities one person performs for another |
Cottage industry | home or village based production. |