Economic Development and Sectors in the Czech Republic

Flashcards covering key concepts related to the economic development and various sectors in the Czech Republic based on the lecture notes.

Hospodářství

The economic system and activities of a region or country.

Rakousko-Uhersko

The Austro-Hungarian Empire, a historical region where the Czech lands were the most industrially developed.

Hospodářská krize

An economic crisis characterized by a significant decline in economic activity.

Těžký průmysl

Industries focused on the production of heavy goods and materials, significant during totalitarian regimes.

Tržní hospodářství

Market economy; a system where supply and demand dictate production and pricing.

Zemědělství

Agriculture; the practice of farming, including cultivation of the soil and rearing of animals.

Funkce zemědělství

The roles of agriculture, such as providing food, raw materials for other sectors, and animal feed.

Rostlinná výroba

Crop production; the cultivation of plants for food, fiber, and other products.

Živočišná výroba

Animal production; the breeding and raising of livestock for consumption.

Průmysl

Industry; the manufacturing and production sector of the economy.

Strojírenství

Machinery manufacturing; part of the industrial sector focused on producing machines.

Výroba elektrické energie

Electricity generation; the process of producing electric power from sources of primary energy.

Petrochemie

Petrochemistry; the branch of chemistry that deals with the processing of petroleum.

Chemický průmysl

Chemical industry; the sector that produces industrial chemicals.

Potravinářský průmysl

Food industry; sector involving the processing and distribution of food products during their production.

Služby

Service sector; encompasses a large range of economic activities that provide services rather than goods.