world geography
explain why countries and regions specialize in their economic activities rather than try to produce everything they need.
because they could earn more money by trading wheat,making clothes with iron to countries who need clothes
would each of these be high or low in a more developed and least developed country?
birth rates and death rates, GDP
what problems do less developed nations face today?
inequality, high levels of unemployment and lack of employment, poor household amenities
compare subsistence agriculture versus commercial agriculture
is a self sufficiency farming system in which the farmers focus on growing enough food to feed themselves and families. A large scale production of crops for sale, intended for widespread distribution to wholesalers.
compare cottage industries vs commercial industries
is an industry focusing on widespread goals, well cottage industries focus on business and manufacturing activity
what is outsourcing? what is the goal?
occurs when a business pays an outside supplier to provide goods and services.
describe traditional, free enterprise, communist, mixed and socialist economic systems. what is each of their goals and who has the control?
often no private property ;ownership by family or village in common
japan has few natural resources because they are a small island, but a high developed society. what does Japan specialize in producing that allows them to trade for their necessary resources?
oil, coal iron and copper, aluminum and wood, manufactured goods.
know differences between monarchy, democracy, totalitarianism and theocracy:
ruler inherits the power. people have certain basic rights, you can not oppose the government if you do you are arrested or killed, The government claims to be directed by God
Know differences between autocracy and oligarchy:
system of government in which supreme power is concentrated in the hands of one person. A small group of people having control of a country's organization or institution.
describe the primary, secondary, tertiary and quaternary economic activities.
wheat farming, flour manufacturing steel, dog walker and engineers