APHug Unit 5 list 2

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Bid-rent theory

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Geography

9th

33 Terms

1

Bid-rent theory

geographical economic theory that refers to how the price and demand on real estate changes as the distance towards the Central Business District (CBD) increases.

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2

Labor intensive

Type of industry in which labor cost is a high percentage of expense.

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3

Factory farming

when animals are used for meat or dairy products but are kept indoors in very small places

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4

Aquaculture (aquafarming)

The cultivation of seafood under controlled conditions

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5

Double cropping

Harvesting twice a year from the same field.

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6

Intercropping (multi-cropping)

when farmers grow two or more crops simultaneously on the same field

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7

Monoculture

farming strategy in which large fields are planted with a single crop, year after year

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8

Monocropping

An agricultural method that utilizes large plantings of a single species or variety

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9

Feedlots

Places where livestock are concentrated in a very small area and raised on hormones and hearty grains that prepare them for slaughter at a much more rapid rate than grazing; often referred to as factory farms.

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10

Agribusiness

Commercial agriculture characterized by integration of different steps in the food-processing industry, usually through ownership by large corporations.

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11

Vertical integration

Practice where a single entity controls the entire process of a product, from the raw materials to distribution

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12

Economies of scale

factors that cause a producer's average cost per unit to fall as output rises

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13

Carrying capacity

Largest number of individuals of a population that a environment can support

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14

Cool chains

transportation networks that keep food cool throughout a trip

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15

Location theory

A logical attempt to explain the locational pattern of an economic activity and the manner in which its producing areas are interrelated.

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16

Von Thunen theory

The model for agricultural land use affected by cost of land and cost of transportation

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17

Horticulture

The growing of fruits, vegetables, and flowers.

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18

bid-price curve (bid-rent curve)

can be used to determine the starting position for each land use relative to the market, as well as where each land use would end.

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19

Free-market economy

an economic system in which decisions on the three key economic questions are based on voluntary exchange in markets

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20

Comparative advantage

the ability to produce a good at a lower opportunity cost than another producer

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21

Supply chain

the connected chain of all of the business entities, both internal and external to the company, that perform or support the logistics function

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22

Luxury crops

Non-subsistence crops such as tea, cacao, coffee, and tobacco

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23

Neocolonialism

Also called economic imperialism, this is the domination of newly independent countries by foreign business interests that causes colonial-style economies to continue, which often caused monoculture (a country only producing one main export like sugar, oil, etc).

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24

Fairtrade movement

Farmers and producers are paid a fair price for their good, resulting in better wages. They also provide housing and education.

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25

Desertification

Degradation of land, especially in semiarid areas, primarily because of human actions like excessive crop planting, animal grazing, and tree cutting.

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26

Terrace farming

a farming system that is in the form of steps going up a mountain

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27

Irrigation

A way of supplying water to an area of land

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28

Deforestation

The removal of trees faster than forests can replace themselves.

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29

Blue revolution

New techniques of fish farming that may contribute as much to human nutrition as miracle cereal grains but also may create social and environmental problems.

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30

Value-added farming

occurs when farmers process their crops into high-value products, rather than simply selling it as it comes from the field

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31

Food insecurity

a condition in which people do not have adequate access to food

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32

Food desert

An area in a developed country where healthy food is difficult to obtain

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33

infrastructure

the basic framework of a building or a system

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