Economic Geo Flashcards
(39 cards)
secondary sector
producing or manufacturing goods
tertiary sector
providing services
quaternary sector
research and activities which use high levels of technology
gross domestic product (GDP)
the total income generated by all the economic activities of a country
small-scale farming
farming a small piece of land for susbsistence purposes and to contribute to food security
food security
the availability of sufficient food as well as access to it
large-scale farming
farming on a commercial level using technology in order to make a profit
monoculture
growing just one crop to increase efficiency and output
home market
demand for products within a country, for local consumption and not for export
export market
products that are grown for consumption in other countries
land restitution
restore land or pay back people who were forced off their land during apartheid or colonial periods
tenure reform
to secure rights of people living in insecure conditions on land owned by others
redistribution programmes
to redistribute land to people who are landless and cannot claim land
trade tariffs
taxes placed on products when they are imported by the importing
beneficiation
adding value to a raw material (mainly minerals) by processing them eg cutting and polishing diamonds
BBBEE
broad-based black economic empowerment
downstream industries
industies which use products that have already been partly processed
nationalisation
when the government takes over control of resources or industries
collective bargaining
when a small group of elected workers represent all the workers in an industry and bargain with employers on the workers’ beha
heavy industries
produce large, heavy products using large machines and a large number of semi-skilled workers
capital intensive
industries which require a large amount of capital to start up and run
light industries
manufacture of relatively small articles using small amounts of raw materials
market-orientated industries
factories that are located close to their customers
footloose industries
industries that do not need to be located near to raw materials or their markets