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Infrastructure
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Dual Agricultural Economy
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Ch 13 Vocab

TermDefinition
Infrastructure The many systems and facilities that a country needs in order to function properly
Dual Agricultural Economy An economy having two agricultural sectors that have different levels of technology and different patterns of demand
Agribusiness The large-scale system that includes the production, processing, and distribution of agricultural products and equipment
Hybrid The product created by breeding different varieties of species to enhance the most favorable characteristics
Vertical Integration The combining of a company's ownership of and control over more than one stage of the production process of goods
Commodity Chain A network of people, information, processes, and resources that work together to produce, handle and distribute a commodity or product
Farm Subsidies A form of aid and insurance given by the federal government to certain farmers and agribusinesses
Tariffs A tax or duty to be paid on a particular import or export
Von Thunen Model a model that suggests that perishability of the product and transport costs to the market each factor into the location of agricultural land use and activity
Global Supply Chains A network of people, information, processes and resources that work together to produce, handle and distribute goods around the world
Cash Crop A crop produced mainly to be sold and usually exported to larger markets
Fair Trade A movement that tries to provide farmers and workers in a peripheral and semi-peripheral countries with a fair price for their products by providing more equitable trading conditions
Created by: Mrs_Karim
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