Economic Activities - Quick Revision Sheet

Quick revision

Collar names

Key terms

• Transhumance: seasonal movement with livestock between summer and winter pastures.
• Truck farming: another name for horticulture.
• Viticulture: grape cultivation; pomology: fruits; olericulture: vegetables; floriculture: flowers; sericulture: silkworms.
• Value addition sector: the secondary sector.
• In-situ mining: solution mining, used most for uranium.
• MEDC: more economically developed country.

Von Thunen rings

Market gardening and dairying, then forests, then grains and field crops, then ranching.

Weber

Least cost principle; weight-losing industry near raw materials; weight-gaining industry at the market.

Numbers

• All humans hunter-gatherers until 12,000 years ago; now 0.0001%.
• 2015: USA 18 trillion dollars (24.3%), China 11 trillion (14.8%), Japan 4.4 trillion.
• 2016 growth: China 6.7%, India 6.6%, USA 1.6%.
• Asia 33.84%, North America 27.95%, Europe 21.37% of global GDP.