Part 2 vocab words Unit 5 Flashcards
The reasons for the evolving agricultural landscape are the growth of.
agribusiness
those that operate in many countries
transnational corporations
ownership of other businesses involved in the steps of producing a particular good
vertical integration
an increase in efficiency to lower the per-unit production cost, resulting in greater profits.
economies of scale
process used by corporation to gather resources, transform them into goods, and then transport them to consumers.
commodity chain
the number of people the U.S farmers can support given the available resources
carrying capacity
transportation networks that keep food cool throughout a trip
cool chains
deals with why people choose certain location for various types of economic activity- factories, stores, restaurants, or agriculture
location theory
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, is the start of location theory.
von Thunen model
flat and featureless with similar fertility and climate throughout
isotropic plain
a type of agriculture that includes market gardening/truck farming and dairy farming would occur
horticulture
a graph that can be used to determine the starting position for each land use relative to the market, as well as where each land use would end
bid-price curve or bid-rent curve
where supply and demand, not government policy, determine the outcome of competition for land-the farmer who will have the greatest profit will pay the most at each location to occupy the land
free-market economy
naturally occurring beneficial conditions, that would prompt farmers to plan crops differently from those predicted by von Thunen’s model
comparative advantage
all the steps required to get a product or service to customers
supply chains
not essential to human survival but have a high profit margin
luxury crops
the use of economic, political, and social pressures to control former colonies, can be one way to describe the current state of global food distribution
neocolonialism
started with the fair trade certificates for coffee in 1988. effort to promote higher incomes for producers and more sustainable farming practices
fair trade movement
public financial support
subsides