What People Trade Flashcards

1
Q

Give an example of raw material and what finished product it gives us

A

Wool -

Knitted into jersey to be sold at shop

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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.

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3
Q

Explain difference between subsistence farming and commercial farming

A

Subsistence farming is growing crops to feed your family.

Commercial is farming on a large scale were u can sell to someone else for profit.

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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.

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5
Q

What are raw materials?

A

Unfinished goods bought by a manufacturer to make into finished goods

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