Sunday, 26 March 2017

Geography: Economy glossary

Demand:  the amount of a good that people desire
Supply: the amount of a good avalaible for sale
Economic goods:Products and services generated by an economic activity from natural resources.
Services:activities carried out by humans to benefit society or a partucular person.
Ownership: to be owner of something
Entrepeneur: person who organizes any enterprise to get profit. It is usually very risky.
Proffit: Benefit
Income:amount of many a person earns
salary/wages:amount of money paid for labor
well-being:wealth
Primary sector:
Agriculture: to grow crops
Livestock: to take care of animals to get somethimg from them
Fishing: to capture fish
forestry: to cut off trees
factors of production: are those elements that facilitate the development of agricultural activities.

1 comment:

  1. That is very basic vocabulary. You must do it better.

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