Chapter 4 Flashcards
People’s hard work to make a living
Industry
The most basic industries that take from the earth’s materials needed for food, clothes, and shelter
Primary Industries
Farmers that only produce enough food to meet the needs of their own households.
Subsistence Farmer
Farmers that raise large cash crops of profit and thereby freeing other people to pursue other types of work
Commercial Farmer
Subsistence husbandry
Nomadic Herding
Solid crystals that. occur naturally and have a definite chemical composition
Minerals
Solid crystals that. occur naturally and have a definite chemical composition
Minerals
Shiny malleable, ductile, and conductive minerals
Metals
Aluminum is extracted from this ore
Bauxite
A combination of several metals
Alloys
A combination of several metals
Alloys
A solid rock that occurs in various grades depending on the amount of heat produced per pound
Coal
Liquid hydrocarbon fuel
Petroleum
Natural resources that have been extracted by primary industries
Raw Materials
The industry that takes raw materials. and changes them into a useful form
Secondary Industries
The application of science to industry
Technology
Manufacturing that makes products that generally last less than a year
Nondurable Manufacturing
Manufacturing that makes products that last more than a year
Durable Manufacturing
Intangible, service jobs. Teaching, advertising, repairing products, cleaning, etc.
Tertiary Industries
Basic energy and equipment needs of all industries
Infrastructure
The three basic choices when transporting products and people
Water, Land, and Air Transportation
Books, newspapers, and magazines
Print Media
Texting, radio, and e-mail
Electronic Media
The money and equipment necessary to build. industries
Capital
An economic and political system in which a country’s trade and industry are controlled by private owners for profit, rather than by the state
Capitalism
Another name for capitalism
Free Market
When the government owns the major industries and promises to make production decisions for the welfare of society
Socialism
The most extreme form of socialism when the government owns everything
Communism