Studied by 6 people
Bid-rent theory
different land users are prepared to pay different amounts, the bid rents, for locations at various distances from the city center.
Capital intensive
production processes that use a high ratio of capital to labor inputs
Labor intensive
Type of industry in which labor cost is a high percentage of expense.
Factory farming
a system of large-scale industrialized and intensive agriculture that is focused on profit with animals kept indoors and restricted in mobility
aquafarming
The cultivation of seafood under controlled conditions
Double cropping
Harvesting twice a year from the same field.
intercropping
Growing two or more different crops at the same time on a plot.
multicropping
refers to planting multiple crops on the same land during the same seasons
monoculture
the cultivation of a single crop in a given area.
monocropping
An agricultural method that utilizes large plantings of a single species or variety
feedlots
confined space used for the controlled feeding of animals
agribusiness
Commercial agriculture characterized by integration of different steps in the food-processing industry, usually through ownership by large corporations.
Transnational corporations
business corporations located in two or more countries
Vertical integration
Practice where a single entity controls the entire process of a product, from the raw materials to distribution
Economies of scale
long-run average total cost falls as the quantity of output increases
Commodity chain
series of links connecting the many places of production and distribution and resulting in a commodity that is then exchanged on the world market
Carrying capacity
Largest number of individuals of a population that a environment can support
Cool chains
transportation networks that keep food cool throughout a trip
Location theory
deals with why people choose certain locations for various types of economic activity - factories, stores, restaurants or agriculture
Von Thünen Model
shows all agricultural products and the importance of their proximity to their marketplace
Isotropic plain
an area with human and physical geographic features are uniform throughout the entire area
horticulture
The growing of fruits, vegetables, and flowers.
Bid-price curve
The relationship of production and distance to market
Free-market economy
a system in which government does not intervene (or intervenes only minimally) in the production and control of goods and services
Supply chains
the sequence of processes involved in the production and distribution of a commodity.
Luxury crops
Non-subsistence crops such as tea, cacao, coffee, and tobacco
Neocolonialism
A new form of global power relationships that involves not direct political control but economic exploitation by multinational corporations
Fair trade movement
an effort to promote higher incomes for producers and for more sustainable farming practices
subsidies
Financial support from the government
infrastructure
Fundamental facilities and systems serving a country, city, or area, as transportation and communication systems, power plants, and schools
Comparitive advange
The principle whereby individuals (or territories) produce those goods or services for which they have the greatest cost or efficiency advantage over others and the lowest opportunity cost.
