Studied by 1 personBid-rent theory
geographical economic theory that refers to how the price and demand on real estate changes as the distance towards the Central Business District (CBD) increases.
Labor intensive
Type of industry in which labor cost is a high percentage of expense.
Factory farming
when animals are used for meat or dairy products but are kept indoors in very small places
Aquaculture (aquafarming)
The cultivation of seafood under controlled conditions
Double cropping
Harvesting twice a year from the same field.
Intercropping (multi-cropping)
when farmers grow two or more crops simultaneously on the same field
Monoculture
farming strategy in which large fields are planted with a single crop, year after year
Monocropping
An agricultural method that utilizes large plantings of a single species or variety
Feedlots
Places where livestock are concentrated in a very small area and raised on hormones and hearty grains that prepare them for slaughter at a much more rapid rate than grazing; often referred to as factory farms.
Agribusiness
Commercial agriculture characterized by integration of different steps in the food-processing industry, usually through ownership by large corporations.
Vertical integration
Practice where a single entity controls the entire process of a product, from the raw materials to distribution
Economies of scale
factors that cause a producer's average cost per unit to fall as output rises
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
A logical attempt to explain the locational pattern of an economic activity and the manner in which its producing areas are interrelated.
Von Thunen theory
The model for agricultural land use affected by cost of land and cost of transportation
Horticulture
The growing of fruits, vegetables, and flowers.
bid-price curve (bid-rent curve)
can be used to determine the starting position for each land use relative to the market, as well as where each land use would end.
Free-market economy
an economic system in which decisions on the three key economic questions are based on voluntary exchange in markets
Comparative advantage
the ability to produce a good at a lower opportunity cost than another producer
Supply chain
the connected chain of all of the business entities, both internal and external to the company, that perform or support the logistics function
Luxury crops
Non-subsistence crops such as tea, cacao, coffee, and tobacco
Neocolonialism
Also called economic imperialism, this is the domination of newly independent countries by foreign business interests that causes colonial-style economies to continue, which often caused monoculture (a country only producing one main export like sugar, oil, etc).
Fairtrade movement
Farmers and producers are paid a fair price for their good, resulting in better wages. They also provide housing and education.
Desertification
Degradation of land, especially in semiarid areas, primarily because of human actions like excessive crop planting, animal grazing, and tree cutting.
Terrace farming
a farming system that is in the form of steps going up a mountain
Irrigation
A way of supplying water to an area of land
Deforestation
The removal of trees faster than forests can replace themselves.
Blue revolution
New techniques of fish farming that may contribute as much to human nutrition as miracle cereal grains but also may create social and environmental problems.
Value-added farming
occurs when farmers process their crops into high-value products, rather than simply selling it as it comes from the field
Food insecurity
a condition in which people do not have adequate access to food
Food desert
An area in a developed country where healthy food is difficult to obtain
infrastructure
the basic framework of a building or a system
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