Economic Geo Flashcards

(39 cards)

1
Q

secondary sector

A

producing or manufacturing goods

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2
Q

tertiary sector

A

providing services

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3
Q

quaternary sector

A

research and activities which use high levels of technology

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4
Q

gross domestic product (GDP)

A

the total income generated by all the economic activities of a country

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5
Q

small-scale farming

A

farming a small piece of land for susbsistence purposes and to contribute to food security

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6
Q

food security

A

the availability of sufficient food as well as access to it

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7
Q

large-scale farming

A

farming on a commercial level using technology in order to make a profit

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8
Q

monoculture

A

growing just one crop to increase efficiency and output

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9
Q

home market

A

demand for products within a country, for local consumption and not for export

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10
Q

export market

A

products that are grown for consumption in other countries

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11
Q

land restitution

A

restore land or pay back people who were forced off their land during apartheid or colonial periods

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12
Q

tenure reform

A

to secure rights of people living in insecure conditions on land owned by others

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13
Q

redistribution programmes

A

to redistribute land to people who are landless and cannot claim land

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14
Q

trade tariffs

A

taxes placed on products when they are imported by the importing

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15
Q

beneficiation

A

adding value to a raw material (mainly minerals) by processing them eg cutting and polishing diamonds

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16
Q

BBBEE

A

broad-based black economic empowerment

17
Q

downstream industries

A

industies which use products that have already been partly processed

18
Q

nationalisation

A

when the government takes over control of resources or industries

19
Q

collective bargaining

A

when a small group of elected workers represent all the workers in an industry and bargain with employers on the workers’ beha

20
Q

heavy industries

A

produce large, heavy products using large machines and a large number of semi-skilled workers

21
Q

capital intensive

A

industries which require a large amount of capital to start up and run

22
Q

light industries

A

manufacture of relatively small articles using small amounts of raw materials

23
Q

market-orientated industries

A

factories that are located close to their customers

24
Q

footloose industries

A

industries that do not need to be located near to raw materials or their markets

25
ubiquitous industries
industries that are common and produce basic consumer goods eg a bakery
26
break-of-bulk point industries
places and industries that develop where one form of transport changes into another eg sea to rail transport
27
incentives
a loan or tax incentive aimed at encouraging business to initiatives
28
growth points
growth points places near to the old homelands that were identified for industrial growth by the apartheid government in order to create jobs
29
primary sector
extracting raw materials from the natural environment
30
deconcentration points
industrial development sites created just outside of core areas in order to prevent crowding in the core / linked to SDI and IDZ
31
spatial development initiatives (SDIs)
iniatives aimed at attracting private sector investment in underdeveloped areas with growth potential Main difference is linking core area with transportation (idZ
32
industrial development zone (IDZ)
a zone where new investment in industrial activities is planned
33
industrial centralisation
clustering of industries around large industrial areas
34
industrial decentralisation
developing industries in outlying areas to prevent overcrowding in developed areas and create job opportunities outside of these areas
35
SEZ
special economic zones - a new name for what were previously industrial development zones
36
informal sector
part of the economy not regulated by the government, not paying taxes and not included
37
social grant
welfare payment made by the government to the elderly, diabled
38
SETA
sector education and training authority - set standards for education and training in certain sectors
39
Link industry
Industry which attracts similar industries. Multiplier effect. Agglomeration (coming together)