Geography Exam 2 Study Guide.docx - Geography Exam 2 Study...

Geography Exam 2 Study Guide
 primary economic activity - The part of the economy that works with materials from the
earth such as mining, fishing, forestry, and especially agriculture.
 secondary economic activity - The part of the economy that deals with manufacturing:
turning raw materials like cotton into products like a tshirt.
 tertiary economic activity - The part of the economy that deals with basic services like
retail, accounting, education, low-level government jobs, etc.
o manufacturing and processing - The economic activity of turning raw materials
like cotton and trees into finished products tshirts and furniture.
o informational technology - The use of technology to move and process
information.
 services - Actions or activities that one person performs for another.
o goods - Items purchased to satisfy needs and wants.
 more developed countries (MDC) - rich country
 less developed countries (LDC) - poor country
 economic interdependence - A condition in which countries have strong economic ties