people and economic activity intro Flashcards
Define economic activity
An activity carried on by humans, on a global scale, to produce goods or provide services for the purpose of a financial return
Define economic enterprise
An entity ( business) producing goods or providing services at a particular location on a local scale (in Australia) for the purpose of a financial return
What four sectors of the economy?
Primary
Secondary
Tertiary
Quaternary
What is the primary sector of the economy?
Harvesting resources from the biophysical environment (e.g. farming and mining)
What is the secondary sector of the economy?
Manufacturing, adding value to assembling products
What is the tertiary sector of the economy?
Services
What is the quaternary sector of the economy?
Information technology
What industry is viticulture in?
Viticulture is in the primary industry
Define sustainability
Development that meets the needs of the present without compromising the
ability of future generations to meet their own needs
Define ecological processes
The processes that play an essential role in
maintaining the integrity and continuity of an
ecosystem
What are some important ecological processors?
(3 answers)
Important ecological processes are water
and nutrient cycling, the flow of energy, and evolution by natural selection
What does every economic site need access to?
(8 answers)
- A site
- Resources
- Labour
- Capital -> $$$, equipment / buildings
- Infrastructure -> water, power, transport
- Technology -> ideas, techniques, equipment
- Markets
- Perhaps a particular set of biophysical conditions
