World Geo - Unit 4 Visual Vocabulary - 6525329

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quaternary economic activity

“white-collar jobs”; professionals working on management and information processing and disseminating.

developing country

a country in an earlier stage of development. developing implies that the country has already made some progress and expects to continue

less developed country

a country that, according to the United Nations, exhibits the lowest indicators of socioeconomic development

monarchy

a form of autocracy with a hereditary king or queen exercising power

totalitarian

a form of government that attempts to assert total control over the lives of its citizens

cottage industry

a kind of business that employs workers in their homes; small-scale production, not for commercial business

one-party state

a sovereign state in which only one political party has the right to form the government, usually based on the existing constitution. All other parties are either outlawed or only enjoy limited and controlled participation in elections

human development index

a statistic composite index of life expectancy, education, and per capita income indicators, which is used to rank countries into tiers of human development

traditional economy

a system in which tradition and custom control all economic activity; exists in only a few parts of the world today

secondary economic activity

add value to the raw materials by changing their form, or combining them into useful and hence more valuable commodity

free trade zone

an area of a country in which trade restrictions do not apply

service industry

an industry in that part of the economy that provides services rather than tangible objects

United Nations (UN)

an international governing body formed in 1945 to increase political and economic cooperation among its member countries

nationalism

belief in the right of each people to be an independent nation

Command economy

Complete government control over the economic production and distribution of goods in a country; private businesses and ownership are not allowed

tertiary economic activity

Consist of those businesses and labor specialization that provide services to the general community.

subsistence farming

farming that provides the basic needs of a family with little surplus

republic

form of government in which a state is ruled by representatives of the citizen body

dictatorship

form of government in which one person or a small group possesses absolute power without effective constitutional limitations

commercial farming

growing large quantities of crops or livestock in order to sell them for a profit

developed country

high-income country, is a sovereign state that has a high quality of life, developed economy, and advanced technological infrastructure

Free market economy (laissez-faire)

No government interference for any economic activities; the production and distribution of goods is controlled by the people, not the government

outsourcing

obtain (goods or a service) from an outside or foreign supplier, especially in place of an internal source.; contract (work) out or abroad.

commercial industry

producing goods for a widespread consumer base

Geopolitical significance

regions that can/will impact relations with other regions and nations

Communism

society based on equitable distribution of wealth, land, and public ownership of production

mixed economy

Some government interference in economic activities; private businesses are acceptable and possibly encouraged although the government somewhat regulates the production and distribution of goods

democracy

system of government in which leaders rule with consent of the citizens

theocracy

system of government in which the officials are regarded as divinely inspired

sustainable development

technological and economic growth that does not deplete the human and natural resources of a given area

Gross Domestic Product per capita (GDP per capita)

The average income earned per person in a given area in a specific year

sovereignty

the right to have absolute and unlimited power, either legal or political, within a territory of a state

infrastructure

the set of systems that affect how well a place or organization operates, such as telephone or transportation systems, within a country

terrorism

the use of force or violence against persons or property in violation of the criminal laws of the United States for purposes of intimidation, coercion, or ransom

Gross National Product (GNP)

the value of all products and services produced by the citizens of a country both domestically, and internationally minus income earned by foreign residents

Gross Domestic Product (GDP)

the value of goods and services produced within a country in a year

primary economic activity

These economic activities are directly tied to the extraction resources of the earth. Such economic activities occur at the beginning of the production cycle where people live in close contact with the resources of the land.