5-8 Flashcards

1
Q

Location theory

A

logical explanation for the location pattern of economic activities & the manner in which its producing areas are interrelated

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2
Q

The von Thunen model

A

an economic model that suggested a pattern for the types of products that farmers would produce at different positions relative to the market (community) where they sold their goods

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3
Q

Bid Rent Curve

A

relates to the theory, and can be used to determine the starting position for each land use relative to the market.

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4
Q

Free-market economy

A

economy in which decisions regarding investment, production, and distribution are based on market-determined supply and demand

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5
Q

First Ring (Light Blue)

A

Market-oriented gardeners and milk producers/must reach the market quickly because they are perishable.

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6
Q

Second Ring (Dark Green)

A

Contained woodlots, where timber was cut for construction and fuel/for this commodity because of its weight.

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7
Q

Third Ring (Orange)

A

Used for various crops and for pasture/Specific commodity was rotated from one year to the next.

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8
Q

Fourth Ring (Light Green)

A

Outermost ring was devoted exclusively to animal grazing which requires a lot of space.

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