Chapter 4 Flashcards
This type of farming produces enough food and materials to meet basic needs of the family
Subsistence Farming
Any type of energy resource that will run out some day
Nonrenewable
The people or businesses that buy products from any industry
Market
Taxes on Imports and exports
Tariffs
Natural resources extracted by primary industries
raw materials
Order from the Lord to subdue the earth
Dominion Mandate
Type of farmer who porduces large cash crops for profit
Commercial farmers
Remains of once living organisms that can be used as a source of energy; includes coal
fossil fuel
the application of science to industry
technology
any useful substance that can be found in the earth
Natural resources
The monetary value of all goods and services produced for sale within a country’s borders over a year
GDP
The average value of products produced by each person in the country
Per capita GDP
The worth that manufaturers add to raw materials
Value added
This country takes full advantage of their people’s skills
Developed
Country in which industris have not taken full advantage of their people’s skills
Developing
Allow relailers the freedom to sell any products their customer wants
Free Trade
A ban on exports
Embargo
Goods received from other countries
Imports
Type of business that sells goods directly to the customer
Retail
Type of business that buys good in large quantities from producers to sell in smaller quantities to other businesses
Wholesale
Primary, Secondary, or Tertiary:
A local fire department
Tertiary
Primary, Secondary, or Tertiary:
A homebuilder-Construction
Secondary
Primary, Secondary, or Tertiary:
an amusement park worker
tertiary
Primary, Secondary, or Tertiary:
A doctor
Tertiary
Primary, Secondary, or Tertiary:
An Auto mechanic
Tertiary
Primary, Secondary, or Tertiary:
A dairy farmer
primary
Primary, Secondary, or Tertiary:
A coal miner
Primary
Primary, Secondary, or Tertiary:
Person that workds at a Honda Automobile plant
Secondary
A food packer at Freshway foods
Secondary
A New England fisherman
Primary
What are the three means of production (make sure you can describe each one as well)
Capital
Land
Labor
3 Main characteristics of a developed nation
- Takes full advantage of their people’s skills
- Wide range of industries
- High per capita GDP
