World Geography - Unit 9 Economic Systems

the action of making or manufacturing from components or raw materials.

refers to those fundamental requirements for survival such as food, clothing, and shelter.

the basic physical and organizational structures and facilities (buildings and roads).

factory-based, employs many workers. Each worker typically participates in one step of process.

that which is ready for consumption in satisfaction of wants or needs.

a business or manufacturing activity carried on in a person's home.

activities provided by other people such as doctors, lawn care workers, dentists, etc...

self-sufficiency farming in which the farmers focus on growing enough food to feed themselves.

the producer is farming with intent to sell some or even all of his/her production.

a stock or supply of money, materials, staff, and other assets.