4.1 econ - Dynamic Patterns of the Space Economy Key Words...

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Dynamic Patterns of the Space Economy
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Key Words Economic geography Economic structure Primary activity Secondary activity Tertiary activity Quaternary activity Quinary activity Subsistence economy Extensive subsistence agriculture Intensive subsistence agriculture Commercial economy Extensive commercial agriculture Intensive commercial agriculture Planned economy Agriculture Green Revolution Collective farm State farm Truck farm Nomadic herding Shifting cultivation Industry Natural resource Nonrenewable resource Renewable resource Tragedy of the commons Technology Von Thunen rings Least cost theory Locational interdependence theory
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Economic Geography A study of: How people earn their living, How livelihood systems vary by area, and How economic activities are spatially interrelated and linked. It is about spatial variation to the special circumstances of the production, exchange, and consumption of goods and services.
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Economic Geography The branch of systematic geography concerned with how people support themselves, with the spatial patterns of production, distribution, and consumption of goods and services, and with the areal variation of economic activities over the surface of the earth.
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Classification of Economic activity and economies The complex environmental and cultural realities control the economic activities. Production patterns are rooted in the spatially variable circumstances of the physical environment. Resource disparity gives economic prospects in some regions and countries and employment opportunities.
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The recognition of resources or ability to exploit them is effected by technological development. Political decisions may encourage or discourage economic activity (subsidies, protective tariffs, or production restrictions). Production is controlled by economic factors of demand, whether that demand is expressed through a free market mechanism, government instruction, or the consumption requirements. Classification of Economic activity and economies (cont.)
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Categories of Activity
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The main sectors of the economy do not stand alone. They are connected and integrated by transportation and communication services and facilities not assigned to any single sector but not common to all
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Discussion
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Primary Activity Those parts of the economy involved in making natural resources available for use or further processing. They are mining, agriculture, forestry, fishing and hunting, and grazing…
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Secondary Activity Economy involved in the processing of raw materials and altering or combining materials to enhance utilities and value.
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  • Fall '10
  • Economics, intensive subsistence agriculture, Von Thünen, commercial economy

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