ch 10 Flashcards
Gross national income
measures the total domestic and foreign value added of all goods and services claimed by residents of a country during a year
Nomadic herding
wandering but controlled movement of livestock solely dependent on natural forage; most extensive type of land use system
shifting cultivation
crop production of forest clearings kept in cultivation until their quickly declining fertility is lost; cleared plots are then abandoned and new sites are prepared
green revolution
seed and management improvements adapted to the needs of intensive agriculture, and designed to bring larger harvests from a given area of farmland
what are the 3 distinct stages of economic activities
primary, secondary, tertiary
primary economic activity
making natural resources available for use or further processing
secondary economic activity
involved in the processing of raw materials derived from primary activities
tertiary economic activity
fulfills the exchange function and that provides market availability of commodities
what are the 3 major types of economic systems
subsistence, commercial, and planned
subsistence economic system
goods and services are created for the use of producers or their immediate families or kinship groups
commercial economic system
production of goods and services for exchange in competitive markets
planned economic system
a system of the production of goods and services, usually consumed or distributed by a government agency, in quantities and at prices determined by government programs
are economic systems independent or interdependent
interdependent
As the global population increases, is the issue of food supply productivity or distribution
productivity
subsistence AGRICULTURE
involves nearly total self-sufficiency on the part of its members. production for exchange is minimal and any exchange is noncommercial
