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Chapter 6 Human S

market economy- an economic system in which people choose freely 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- is an economic and political system in which the government owns or controls almost all the means of production.
gross national product (GNP)- is 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 created within a country.
industrialization- process by which manufacturing based on machine power becomes wide spread in a area.
literacy rate- the percentage of people who can read and write.
developed countries- countries with high levels of industrialization and high standards of living.
infrastructure- is a system of roads, ports, and other facilities needed by a modern economy.
developing countries- countries with less productive economies than developed countries and low standards of living
domestication- the process in which people grow plants and tame animals for their own use.
urbanization- Growth in the proportion of people living in towns and cities.
world cities- huge urban areas that are the most important centers of economic power and wealth.
central business district (CBD)- city center dominated by large stores, offices, buildings.
edge cities- clusters of large buildings away from the central business district of a city.
subsistence agriculture- farming in which food is produced by a family just for its own needs.
shifting cultivation- a process in which farmers clear trees or brush for short-term planting before moving on to clear another area.
pastoralism- a type of subsistence agriculture involving herding animals.
market-oriented agriculture- agricultural system in which farmers grow products to sell to consumers.
agribusiness- is the operation of specialized commercial farm for more efficiency and profits.
natural boundaries- boundaries that follow a feature of the landscape.
cultural boundaries- boundaries that are based on culture traits.
geometric boundaries- boundaries that follow geometric patterns.
nationalism- a feeling of pride and loyalty for one's country or culture group.
totalitarian governments- a government in which one person or a small group of people rule a country and in which the people have no say.
democracy- a system of government in which the people decide who will govern.
tariffs- taxes on imports and exports.
quotas- in trade matters, limits on the amount of a product that can be imported.
Created by: Katdog



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