This stack contains terms and definitions for economic geography.
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each of the black spaces below before clicking
on it to display the answer.
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| economic system | show 🗑
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| traditional economy/subsistence economy | show 🗑
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| show | production of goods and services is determined by the central goverment which usually owns the means of production
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| market economy/demand economy | show 🗑
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| show | combination of command and market economies so that all people will benefit
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| free enterprise | show 🗑
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| show | system in which businesses, industries, and resources are privately owned
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| show | system characterized by specialization
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| show | United States, Japan, Australia, and most western European countries
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| show | gathering of raw materials for immediate use or to use in the making of a final product
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| secondary activities | show 🗑
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| tertiary activities | show 🗑
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| quarternary activities | show 🗑
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| factors affecting location of economic activities | show 🗑
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| show | materials in or on the earth that have econonic value, not evenly distributed around the world
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| show | resources that can be replaced through the natural process: trees, seafood
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| show | resources that cannot be replaced once they have been removed, examples: metals, non-metals, fossil fuels
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| show | resources used for created power, resuslt of solar or planetary processes and are unlimited in quantity, examples; sunlight, geothermal heat, winds, and tides
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| determinant of resource value | show 🗑
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| infrastructure | show 🗑
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| measurements of economic development | show 🗑
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| GNP | show 🗑
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| GDP | show 🗑
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| developing countries | show 🗑
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| Examples of developed countries | show 🗑
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| examples of developing countries | show 🗑
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| show | countries with a higher per capita income, varied economy, tertiary activities and especially quaternary activities
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| per capita income | show 🗑
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| show | percentage of people who can read and write
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| show | a measurement of a country's level of development based on factors, such as personal income, levels of education, product and food consumption, life expectance, mortality rate
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| show | nations that are defined as lying between developed and devoloping countries
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| show | Brazil, Mexico, thailand
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| show | political and economic system in which the government owns or controls almost all of the means of production
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| show | a system in which the government may control the major means of production
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