Economics Flashcards
Structure:
What is the Primary sector
This is a sector that has activities That involve extraction and explosion of raw materials from the natural environment
What is the secondary sector?
This is a sector that involves the process of four materials into products that are required by the consumer
for example the processing vehicle manufacturing
What is the Tertiary sector
This also is referred to the service sector or service initially it involves activities that provide service to distribution of commodities to businesses and customers
example would be transportation banking tourism health services
What is the quaternary section
This is a sector that is made of economic activities that provide a high level of service through information and expert knowledge
example would be a research develop meant education financial planning some governments activities
What is the gross geographic area product
This is when each province contributes to the countries GDP the problem then shall contribution is referred it to that place geographical product
What is commercial farming?
This is Large farming in size Farming for profit Extensive farming Having high tech equipment
What is Monoculture?
The cultivation of one main crop expensively
What is GM Seeds?
This is seeds that are hybridized or have gene modifications to ensure resistance to disease or climate change
I hat is the contribution of agriculture to SA?
It’s diversified sector that contributes 2.4% to the GDP.
What is a small scale farmer?
This is has small land but is economically viAble It’s has Limited fertilizer Manual inputs Small capital They have a variety of products It’s intensive farming
Biotechnology products?
This is the use of indigenous knowledge and modern technology
What is substance farming?
This is farming different crops for consumption purpose
What is large scale farming ?
Involves large number of area
Stable land?
This is crops rather than live stock
What is pastoral farming
This is farming of livestock
What is extensive farming?
Farming for capital and having fertilizers and small input into labour
What is intensive farming?
This is large capital and labour
