What People Trade Flashcards
1
Q
Give an example of raw material & what finished product it gives us
A
Sheets wool,
Knitted into jersey to be sold at shop
2
Q
Give explanation of raw materials being resources
A
They are crops that are farmed or minerals that are mined and used to make other things.
3
Q
Explain difference between subsistence farming & commercial farming
A
Subsistence farming is growing crops to feed your family. Commercial is farming on a large scale were u can sell to another country for profit.
4
Q
Why is it important for a country to move onto second step of development from raw materials?
A
To help the country develop.
5
Q
What are raw materials?
A
Unfinished goods bought by a manufacturer to make into finished goods
