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Chapter 6 Vocabulary

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