World Geography Tier III Academic Vocabulary 2024-2025 PDF

Summary

This is a collection of definitions for economic concepts, including Primary, Secondary, Tertiary and Quaternary activities, Commercial farming, Free Enterprise/Capitalist, Command and Socialism, and the Standard of Living and other important concepts.

Full Transcript

World Geography Tier III Academic Vocabulary 2024-2025 Definition: Primary activities refer to economic activities that involve the extraction, harvesting, or collection of natural resources directly from the environment....

World Geography Tier III Academic Vocabulary 2024-2025 Definition: Primary activities refer to economic activities that involve the extraction, harvesting, or collection of natural resources directly from the environment. LEVEL OF UNDERSTANDING Unit: 5 1 2 3 4 Synonym: core activity Antonym: secondary activity Primary Activity Definition in your own words: A primary activity is the key (Picture task or function that directly contributes to achieving an objective. Definition: A secondary activity refers to an action or task that is performed in addition to a primary job or responsibility Unit: 5 LEVEL OF UNDERSTANDING 1 2 3 4 Synonym: Sideline Antonym: Main job Secondary Activity (Picture Definition in your own words: a secondary activity is any additional engagement outside of one’s primary responsibilities Definition: Tertiary activity refers to the third sector of the economy, which focuses on providing services rather than goods. Unit: 5 LEVEL OF UNDERSTANDING 1 2 3 4 Synonym: service industry Antonym: primary industry Tertiary Activity (Picture Definition in your own words: tertiary activity can be described as the segment of the economy dedicated to delivering various services that cater to consumer needs and business operations. Definition: Quaternary activities involve using knowledge-based and intellectual skills in offering services. Unit: 5 LEVEL OF UNDERSTANDING 1 2 3 4 Synonym: Age of Humans Antonym: Primary Activity Quaternary Activity (Picture Definition in your own words: People working in Information Technology, Media, Science, Research and Development Definition: Commercial farming refers to the large-scale production of crops and livestock for sale in the market, rather than for personal consumption. Unit: 5 LEVEL OF UNDERSTANDING 1 2 3 4 Synonym: Agribusiness Antonym: Subsistence farming Commercial Farming (Picture Definition in your own words: Commercial farming is a method of agriculture where farmers grow crops and raise animals primarily to sell them for profit Definition: Free enterprise, often synonymous with capitalism, refers to an economic system where the production, distribution, and prices of goods and services are determined by competition in a free market. Unit: 5 LEVEL OF UNDERSTANDING 1 2 3 4 Synonym: capitalism Antonym: socialism Free Enterprise/Capitalist (Picture Definition in your own words: , free enterprise is an economic framework that allows individuals and businesses to make their own choices regarding what to produce Definition: A command economy is an economic system in which a central authority Unit: 5 LEVEL OF UNDERSTANDING 1 2 3 4 Synonym: Planned economy Antonym: Free-market economy Command Economy (Picture Definition in your own words: A command economy is a type of economic structure where the government has complete control over all aspects of production and distribution. Definition: Socialism is an economic and political philosophy characterized by social ownership of the means of production, as opposed to private ownership. Unit: 5 LEVEL OF UNDERSTANDING 1 2 3 4 Synonym: communism Antonym: capitalism Socialism (Picture Definition in your own words: socialism can be described as a system where the community or government takes charge of managing the economy Definition: Consumption refers to the act of using, buying, or eating something. LEVEL OF UNDERSTANDING Unit: 5 1 2 3 4 Synonym: Utilization Antonym: Production Consumption (Picture Definition in your own words: consumption is the process through which individuals or groups use up resources Definition: An emerging market is defined as the economy of a developing nation that is becoming more engaged with global markets as it grows. Unit: 5 LEVEL OF UNDERSTANDING 1 2 3 4 Synonym: developing economy Antonym: developed market Emerging Market (Picture Definition in your own words: an emerging market refers to a country’s economy that is on the rise and becoming more integrated into the global economic system. Definition: Scarcity refers to the state of being in short supply or insufficient quantity. Unit: 5 LEVEL OF UNDERSTANDING 1 2 3 4 Synonym: shortage Scarcity Antonym: abundance (Picture Definition in your own words: scarcity means that there is not enough of something available to meet the demand. Definition: The Industrial Revolution refers to a significant period of transformation in economic and social structures Unit: 5 LEVEL OF UNDERSTANDING 1 2 3 4 Synonym: technological revolution Antonym: pre-industrial society Industrial Revolution (Picture Definition in your own words: the Industrial Revolution was a time when people began using machines instead of hand tools to make products. Definition: Infrastructure refers to the system of public works, including the facilities and structures necessary for the operation of a society or enterprise. Unit: 5 LEVEL OF UNDERSTANDING 1 2 3 4 Synonym: Framework Antonym: Superstructure Infrastructure (Picture Definition in your own words: Infrastructure can be described as the essential physical and organizational structures needed for the functioning of a community or organization. Definition: Interdependence refers to the mutual dependence between two or more entities, where each entity relies on the other(s) for support, resources, or functionality. Unit: 5 LEVEL OF UNDERSTANDING 1 2 3 4 Synonym: interconnectioninterconn Antonym: independence ectioninterconnection Interdependence Definition in your own words: Interdependence can be (Picture described as a relationship where two or more parties are connected in such a way that they depend on each other to function effectively. Definition: A Less Developed Country (LDC) is a nation that exhibits low levels of socioeconomic development, characterized by low gross national income (GNI) per capita, high poverty rates, and significant challenges in health, education, and infrastructure. Unit: 5 LEVEL OF UNDERSTANDING 1 2 3 4 Synonym: Developing Country Antonym: Developed Country Less Developed Country (Picture Definition in your own words: a Less Developed Country (LDC) can be described as a nation struggling with economic growth and social progress. Definition: A more developed country (MDC) is defined as a highly industrialized nation characterized by high per capita incomes, low birth and death rates, low population growth rates, and significant levels of industrialization and urbanization. Unit: 5 LEVEL OF UNDERSTANDING 1 2 3 4 Synonym: developed nation Antonym: developing More Developed Country Definition in your own words: a more developed country refers (Picture to a nation that has achieved significant economic growth and technological advancement, resulting in improved living standards for its population. Definition: A newly industrialized country (NIC) is a nation that has transitioned from an agriculture-based economy to one that is more industrialized and urbanized. Unit: 5 LEVEL OF UNDERSTANDING 1 2 3 4 Synonym: newly industrializing economy Antonym: developing Newly country Industrialized Country Definition in your own words: a newly industrialized country is (Picture one that has recently improved its economy by moving away from farming and agriculture towards manufacturing and services. Definition: The standard of living refers to the level of material comfort, wealth, and access to goods and services that an individual, family, or community enjoys. It encompasses various factors such as income, employment opportunities, health care availability, education quality, and overall economic stability. Unit: 5 LEVEL OF UNDERSTANDING 1 2 3 4 Synonym: Living standard Antonym: Poverty level Standard of Living Definition in your own words: The standard of living is a (Picture measure of how well people can meet their basic needs and enjoy a comfortable life based on the resources available to them. Definition: Subsistence farming is a type of agriculture where the primary goal is to produce enough food for the farmer and their family Unit: 5 LEVEL OF UNDERSTANDING 1 2 3 4 Synonym: subsistence agriculture Antonym: commercial farming Subsistence Farming (Picture Definition in your own words: subsistence farming refers to a method of agriculture where farmers grow just enough food to feed themselves and their families Definition: Sustainable development is defined as development that meets the needs of the present without compromising the ability of future generations to meet their own needs. Unit: 5 LEVEL OF UNDERSTANDING 1 2 3 4 Synonym: viable development Antonym: unsustainable development Sustainable Development Definition in your own words: sustainable development can be (Picture described as a way of growing economies and improving living standards while ensuring that natural resources are preserved and protected for future generations.

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