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Ch 13 Vocab

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Term
Definition
Infrastructure   The many systems and facilities that a country needs in order to function properly  
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Dual Agricultural Economy   An economy having two agricultural sectors that have different levels of technology and different patterns of demand  
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Agribusiness   The large-scale system that includes the production, processing, and distribution of agricultural products and equipment  
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Hybrid   The product created by breeding different varieties of species to enhance the most favorable characteristics  
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Vertical Integration   The combining of a company's ownership of and control over more than one stage of the production process of goods  
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Commodity Chain   A network of people, information, processes, and resources that work together to produce, handle and distribute a commodity or product  
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Farm Subsidies   A form of aid and insurance given by the federal government to certain farmers and agribusinesses  
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Tariffs   A tax or duty to be paid on a particular import or export  
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Von Thunen Model   a model that suggests that perishability of the product and transport costs to the market each factor into the location of agricultural land use and activity  
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Global Supply Chains   A network of people, information, processes and resources that work together to produce, handle and distribute goods around the world  
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Cash Crop   A crop produced mainly to be sold and usually exported to larger markets  
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Fair Trade   A movement that tries to provide farmers and workers in a peripheral and semi-peripheral countries with a fair price for their products by providing more equitable trading conditions  
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