This stack contains terms and definitions for economic geography.
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| show | the way that people exchange goods and services
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| traditional economy/subsistence economy | show 🗑
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| command economy/planned economy | show 🗑
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| show | production of goods and services is determined by consumers
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| show | combination of command and market economies so that all people will benefit
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| free enterprise | show 🗑
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| show | system in which businesses, industries, and resources are privately owned
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| show | system characterized by specialization
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| world's richest market countries | show 🗑
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| primary activities | show 🗑
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| secondary activities | show 🗑
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| show | provides business or professional services
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| quarternary activities | show 🗑
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| factors affecting location of economic activities | show 🗑
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| natural resources | show 🗑
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| show | resources that can be replaced through the natural process: trees, seafood
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| show | resources that cannot be replaced once they have been removed, examples: metals, non-metals, fossil fuels
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| show | resources used for created power, resuslt of solar or planetary processes and are unlimited in quantity, examples; sunlight, geothermal heat, winds, and tides
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| determinant of resource value | show 🗑
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| show | basic support systems needed to keep an economy going, includes power, communications, transportation, water, sanitation, education systems, and levels of available technology
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| show | per capita income, gross naional product [GNP] gross domestic product [GDP]
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| GNP | show 🗑
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| show | total value of all goods and services produced within a country over a given period of time
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| show | nations characterized by low GDP,limited development on all levels of economic activities, lack of industrial base
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| show | western European nations, Japan, Canada, United States
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| show | Afghanistan, Haiti, Mali
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| show | countries with a higher per capita income, varied economy, tertiary activities and especially quaternary activities
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| per capita income | show 🗑
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| literacy rate | show 🗑
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| standard of living | show 🗑
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| show | nations that are defined as lying between developed and devoloping countries
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| show | Brazil, Mexico, thailand
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| communism | show 🗑
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| socialism | show 🗑
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