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geography chap.3-4

economic activitys

Economic anything to do with money jobs, commerce
Scarcity limited quantities of re-sources to meet unlimited wants
Traditional economies farming, hunting bartering
Primary economic activities direct use of natural/raw re-sources such as mining or agriculture
economic activities use of natural/ raw resources to make consumer products such as manufacturing
Tertiary economic activities people-based activities such as service jobs such as waitresses or retail sales
Quaternary economic activities Highly skilled proffesionals which deal with movement and processing information such as specialized reserchers
Economic spectrum scale describing th amount of government
Sustenance agriculture farming to feed immediate family only
Quaternary economic activities higly skilled professions which deal with movement and processing information.
Economic spectrum Scale describing the amount of government and private influeces on the distribution and use of factors of production.
Sustenance agriculture Faming to feed immediate family only.
Commercial agriculture Large scale farming done for profit
Commerce The buying and selling of goods or services.
Manufacturing Mass production of goods using machines.
Goods Agricultural and manufactured products.
Services Actions or activities one person performs for another
Cottage industry home or village based production.
Created by: niamhmcenhill