Topic 5 - Economic Geography Flashcards
Define sector
One part or component of a larger system
Define extractive
Deriving products from nature
Define economy
A countries (or households) income and how it’s spent
Define Gross Domestic Product (GDP)
The total value of a country’s output during one year
Define pastoral farming
The raising of animals such as cattle, sheep and goats
Define agriculture
Farming; the us of land to grow crops and to rear animals
Define hydroponic farming
Growing plants without soil, instead using s nutrient liquid that is piped to the roots of the plants, usually in a green house
Define crop yield
Output (by mass) per unit area
Define communal farming
Food production on land that is owned by the group living there
Define market
Market is the demand for a good or service and the ability of the people who need the good and services to pay for them
Define dumping
The selling of surplus goods or commodities at low prices, especially on the markets of foreign countries
Define ranching
The large-scale tearing of cattle on extensive farms
Define exotic
From other parts of the world
Define food security
A condition in which people have and can afford safe and nutritious food for a healthy life
Define food insecurity
A condition in which people do not have enough nutritious food and may not know where their next meal will come from
Define multiplier effect
Additional economic development in response to a new or expanding economic development
Define link industry
An industry that either supplies materials or equipment to another industry or which depends on another industry for materials or equipment for its own processes
Define thermal gradient
The rate at which rock temperature increases with increasing depth below the surface
Define capital
The money as well as the land and equipment needed to produce wealth
Define by-products
Secondary or incidental products of a manufacturing process
Define manufacturing
The conversion of raw materials into fabricated products; the assembly of items
Define mass production
The making of large quantities of identical articles by standard mechanized process
Define formal economic activity
Work in a registered firm, factory or farm; regulated (and taxed) employment
Define periphery
On the edge or boundary of an area