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Human Modification
Deforestation. Pollution. Industrial development.
Carrying capacity
the limit on the number of people an area can sustainably support
Demography
the study of human population, births, deaths, and movement
Standards of living
conditions in which a population of a nation lives
Developed Countries
have a high standards of living (surplus of goods & services) & a mix of all levels of economic activity
Developing Countries
a lower standard of living & most people produce enough food for day-to-day survival. Economic activity is limited
Gross National Product (GNP)
The measure of a nation’s total economic activity
Value of all finished goods & services provided in 1 year
Gross Domestic Product (GDP)
The total dollar value of all goods & services provided over an established time period
used to gauge the health of nation’s economy
Traditional Economy
Individual needs are met through trade & barter
Most ppl do the same work their parents did.
little innovation
Command Economy
Gov’t controls all production & distribution
(communism)
Market Economy
Companies & individuals decide what and how much to produce and consume
Supply & demand regulate prices & distribution
“Free enterprise system”
Mixed Economy
both government & individuals make decisions on production & distribution
gov’t regulates business & laws
Primary Economic Activities
Harvesting resources
fishing
farming
mining
Secondary Economic Activities
making goods from nat’l resources
construction
factories
processing plant
Tertiary Economic Activities
service industry
retail/sales
medical
education
restaurant
(US dependent on this sector)
Quarternary Economic Activities
data/info collection
research
Cultural Values
The morals/ideas of right and wrong as determined by culture
Cultural Products
the arts, literature, music, architecture, and fashion that reflect beliefs and values of culture
Social Institutions
Educational
Economic
Family
Religion
Government
Education purpose as a social institution
to transfer knowledge to members of society
Economic purpose as a social institution
a formal system of production, distribution, and consumption of goods and services
Family purpose as a social institution
a social unit that shares resources to meet basic needs
Religion’s purpose as a social institution
helps society meet emotional/physical needs
Government’s purpose as a social institution
maintains order and progress of a society