Round Fucking 3 Flashcards
Individuals and private groups decide what they will produce and what they will purchase
Market economy
One in which a government supports and regulates free enterprise through the discussion that affect the marketplace
Mixed market economy
Industries that take natural resources directly from the environments such as fishery forestry agriculture and mining
Primary activities
Industries that use raw materials to produce something new and more valuable
Secondary activities
Industries that provide a service to people and businesses such as healthcare, sales, transportation, banking, entertainment, restaurants, tourism insurance and law
Tertiary activities
Industries providing information service involves a generation processing of management distribute Tatian and information
Quaternary activities
The framework of technical structures that supports society such as communication networks, water supplies, water disposal, power grids and transportation
Infrastructure
The transition from an agricultural society to one based on manufacturing and trade
Industrialization
Growing only enough food for one own family or Village
Subsistence farming
Robson livestock raised to be sold firms use modern techniques and equipment to be more productive
Commercial farming
The money and machinery and faculties used to produce goods and services
Capital resources
The people who perform various tasks
Human resources
Materials people that take from the environment to survive and satisfy their needs they are on evenly distributed throughout the world
Natural resources
Resources that are continually replaced by the environment such as soil water plants animals and son
Renewable
Resources that cannot be replaced once used
Nonrenewable
Modern industrialized nations rely heavily on reliable sources of energy
Energy sources
The type of energy that Remains of ancient plants animals half of the world known petroleum reserves are in few Southwest Asian countries
Oil and natural gas is