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World Geography
Chapter 6 Vocabulary
Term | Definition |
---|---|
Primary Activites | Activities that use natural resources directly. They provide the basic raw materials for industry. |
Secondary Activites | Use raw materials to produce or manufacture something new. They use raw materials to provide humans with other resources or necessities. |
Tertiary Activities | Provide services to people and businesses. Helps consumers get what they need. |
Quaternary Activites | Workers process and distribute information. |
Market Economy | People freely choose what to buy and sell. |
Free Enterprise | System that lets competition among businesses determine the price of products. |
Capitalism | An economic system in which businesses, industries, and resources are privately owned. |
Command Economy | An economic system in which the government decides what to produce, where to make it, and what price to charge. |
Communism | An economic and political system in which the government owns or controls almost all the means of production. |
Gross National Product (GNP) | The total value of goods and services that a country produces in a year. |
Gross Domestic Product (GDP) | The total value of goods and services within a country. |
Developed Countries | Countries with high productive economies and high standards of living. |
Developing Countires | Countries with less productive economies than developed countries and low standards of living. |
Urbanization | Growth in the proportion of people living in towns and cities. |
Subsistence Agriculture | Farming in which food is produced by a family for its own needs. |
Pastoralism | A type of subsistence agriculture involving herding animals. |
Tariffs | Taxes on imports and exports. |
Nationalism | A feeling of pride and loyalty in one's country or culture group. |
Totalitarian Governments | A government in which one person or small group of people rule a country and in which the people have no say. |