Key Concepts in Economics and Agrarian Activities
1. What is Sustainable Development?
Sustainable development involves using resources in a reasonable way, ensuring that we can use them for this generation and for future generations.
2. What are the Four Factors of Production?
The four factors of production are capital, enterprise, land, and labor (CELL).
3. What Does Scarcity Mean?
Scarcity refers to a limited amount of something, not enough to fulfill the wants and needs of all people. It signifies a lack of something.
4. When Land is Used to its Full Potential, is it Intensive or Extensive?
When land is used to its full potential, it is considered intensive.
5. What is Another Word for Bringing Up or Raising an Animal or Child?
To rear.
6. What is the Economic Circuit?
The economic circuit involves the following:
- Businesses produce
- Families consume
- State produces and consumes
7. What is the Physical or Mental Effort Made by People?
Labor.
8. What Kind of Economy Produces a Surplus of Products, Subsistence or Market?
A market economy.
9. What are Some Activities in the Three Sectors? Where is the Tertiary Sector Important?
- Primary: Agriculture, fishing, mining, silviculture
- Secondary: Energy production, construction, car manufacturing, olive oil production
- Tertiary: Education, trade, healthcare, tourism, transport
The tertiary sector is important in developed countries.
10. What Types of Tools are Used in Traditional Farming? Is There a Large or Small Labor Force? Is There a Lot of Technology?
- Tools: Sickle, plough, spade
- Labor force: Large
- Technology: Limited
11. What Four Physical Factors Affect Agrarian Activity?
Climate, terrain, soil, and vegetation.
12. What are Some Characteristics of Soil that Affect Crops?
Depth, texture, porosity, acidity, and alkalinity.
13. What is Demographic Pressure?
Demographic pressure occurs when overpopulation leads to intensive land use to meet food needs.
14. What is Globalization?
Globalization is the process in which businesses, organizations, or people, in general, start operating internationally.
15. What are the Three Basic Problems of Economic Systems?
- What goods to make
- How to make them
- For whom should they be produced
16. The Law of Supply and Demand
The law of supply and demand states that if goods are less expensive, supply will fall and demand will rise.
17. What Activity in the Primary Sector Deals with Forestry?
Silviculture.
18. What is the Difference Between Monoculture and Polyculture?
- Monoculture is the production of a single crop.
- Polyculture is the production of multiple crops on the same farm.
19. What Does Ager Mean?
Of the country/land (el campo in Spanish).
20. Name One Problem with Silviculture
Deforestation.