Spatial Distribution of Major Economic Systems page

North Korea' Command Economy is Based on Agriculture and Natural Resources. The economy in North Korea operates under the Central Bank of the Democratic People's of and it remains as one of the world's last centrally planned systems.North Korea has a command economy and it is based on agriculture and natural resources

The economy of Germany is a highly developed social market economy. It has the largest national economy in Europe, the fourth-largest by nominal GDP in the world, and fifth by GDP. In 2017, the country accounted for 28% of the euro area economy according to the IMF.

Germany's market economy

Command Economy

Command economy, economic system in which the means of production are publicly owned and economic activity is controlled by a central authority that assigns quantitative production goals and allots raw materials to productive enterprises. 

traditional economy

A traditional economy is a system that relies on customs, history, and time-honored beliefs. Tradition guides economic decisions such as production and distribution. Traditional economies depend on agriculture, fishing, hunting, gathering, or some combination of the above.

market economy

A market economy is an economic system in which economic decisions and the pricing of goods and services are guided solely by the aggregate interactions of a country's individual citizens and businesses.

farm subsidies

An agricultural subsidy  is a government incentive paid to agribusinesses, agricultural organizations and farms to supplement their income, manage the supply of agricultural commodities, and influence the cost and supply of such commodities.

tax incentives

Individual tax incentives are a prominent form of incentive and include deductions, exemptions, and credits. Specific examples include the mortgage interest deduction, individual retirement account, and hybrid tax credit.

Chapter 2

"Spatial relationship between Econommic Activities"

Primary

• Forestry
• Copper mining
• Growinf coffee

Secondary

• Producing copper wire
• Furniture making
• grinding coffee beans

Tertiary

• Furniture sales
• selling copper wire
• selling coffee latte

Computers providers of components

Circuit boards, software, electrical components, and wireless chis. Computers have different updates and software some computers are faster than others

von Thunen Model- explains the location of different types agriculture related to the location of the market, land rent, and transportation costs. This method helps out a lot of farmers. The von Thunen model was made up of four rings.  

Christaller's Central Place Theory- Explain the location of different types of services related to the location of consumers, the range they're willing to travel for service, and the population size needed to support a service. This theory also deals with the stock market. The theory was developed in 1933.

Textile mill towns in North Carolina- One of the textile mill in North Carolina is the Pilot mill. North Carolina has the largest textile mill factories. North Carolina has 700 textile mills.

High tech corridors in India- India has a lot of technology centers. Mumbai is the largest financial capital in India. Hyderabad is the second largest center in India. 

Oil towns in Oklahoma- Oil in Oklahoma was first discovered by accident in 1859. In 1907 before Oklahoma became a state it produced plenty of oil. Companies in Oklahoma are making plenty of money producing oil.

Oil towns in Texas- Houston has the largest oil and gas company in Texas. In Austin the oil has attracted 300 companies including Jones and Energy Brigham exploration. Dallas also has the largest oil company

Chapter 3

“Factors that Influence the Location and Spatial Distribution of Economic Activities”

Site as an Economic InfluenceEconomic impact analyses often estimate multiple types of impacts. An output impact is the total increase in business sales revenue. In turn, local businesses use some of this new revenue to pay for goods and services outside of the study region

Situation as an Economic Influence-The conditions change over time along with the economic and business cycles, as an economy goes through expansion and contraction. Economic conditions are considered to be sound or positive when an economy is expanding and are seen as adverse or negative when an economy is contracting.

Singapore’s Deep Water Ports -The Port of Singapore refers to the collective facilities and terminals that conduct maritime trade, and which handle Singapore's harbors and shipping. It is ranked as the top maritime capital of the world, since 2015.

MY Home- in my house is a electric stove that is made by Tapan. There is some jeans thats made by levis. The couch is made by badcock. The bed is also from badcock. The pans are made by T- fal

YOUR local region - There is only one grocery store. We have plenty of corner stores. Poe Boyz is the most popular corner store. Cvs is the highest place to go shopping.

local manufacturing businesses- there are many companies in SC such as fedx, UPS, and fingerhut

Chapter 4

Consequences of Globalization and Economic Activities"

Globalization is the increasing interconnectedness of different parts of the world resulting in the expansion of cultural, economic, and political activities so that they become worldwide in scope and impact due to technological advances in communication and advances transportation.

environmental issues that accompany trade-trade can also lead to beneficial impacts on the environment by allowingenvironmental goods and services to be shared more widely. ... Increased tradecan support economic growth, development and social welfare, thereby contributing to a greater capacity to manage the environment more effectively.

carbon footprint-the amount of carbon dioxide and other carbon compounds emitted due to the consumption of fossil fuels by a particular person, group, etc.

consumers like inexpensive goods-During the economic downturn, many grocery shoppers started buying cheaper store brands over national brands in order to knock 30% off their food bills. What they often discovered is that the cheaper generic products’ taste, if not “premium,” was at least as good as the pricier counterparts with big-name brand recognition.

U.S. workers may lose their jobs due to outsourcing-New research shows that more than three-quarters of jobs lost were in manufacturing. ... Jobs outsourced to China have diminished American employment opportunities and have helped contribute to wage erosion since 2001

trade imbalances between the U.S. and China-The U.S. trade deficit with China was $419 billion in 2018. The trade deficit exists because U.S. exports to China were only $120 billion while imports from China were $540 billion.