Chapter 1: Spatial Distribution of Major Economic Systems

North Korea's command economy

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.

Germany's market economy

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 (PPP). In 2017, the country accounted for 28% of the euro area economy according to the IMF.

Command Economy

A command economy is where a central government makes all economic decisions. Either the government or a collective owns the land and the means of production. It doesn't rely on the laws of supply and demand that operate in a market economy. 

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 Ecomony

A market economy is a system where the laws of supply and demand direct the production of goods and services. Supply includes natural resources, capital, and labor. Demand includes purchases by consumers, businesses, and the government. 

Farm Subsidies

The federal government spends more than $20 billion a year on subsidies for farm business. About 39 percent of the nation's 2.1 million farms receive subsidies, with the lion's share of the handouts going to the largest producers of corn, soybeans, wheat, cotton, and rice.

Tax Incentives

Tax incentives are ways of reducing taxes for businesses and individuals in exchange for specific desirable actions or investments on their parts. Their purpose is to encourage those businesses and individuals to engage in behavior that is socially responsible and/or benefits the community.

Chapter 2: Spatial Dimensions Between Economic Activites

Primary

The primary sector includes the production of raw material and basic foods. Activities associated with the primary sector include agriculture (both subsistence and commercial), mining, forestry, farming, grazing, hunting and gathering, fishing, and quarrying. The tertiary sector of the economy is the service industry.

Secondary

Secondary economic activities involve the processing of raw materials (primary products). Examples would include turning timber into furniture and turning iron-ore into steel. Any factory can be seen as a system involving inputs (e.g. timber) processes (e.g. cabinet making) and outputs (e.g. tables and chairs).

Tertiary

Tertiary is the sector that provides services to end consumers AND to the primary and secondary sectors, and is considered the most important sector in the chain. Transportation, health care, food service, retail sales, advertising, entertainment, tourism, banking, law, etc. are all examples of tertiary-level sectors.

Providers Of Components

Automobiles

1. Glass
2. Tires
3. Sheet Metals

Providers Of Components

Computers

1. Circuit boards
2. Software
3. Electrical components
4. Wireless chips

Von Thunen Model

The Von Thunen Model is a theory fronted by 19th-century German economist. Johann Heinrich von Thunen which outlines an ideal state whose plan revolves around farming practices, focusing on a plan which would make farming most profitable.

Christaller's Central Place Theory

Central place theory is a geographical theory that seeks to explain the number, size and location of human settlements in a residential system. The theory was created by the German geographer WalterChristaller, who asserted that settlements simply functioned as 'central places' providing services to surrounding areas.

Oils Towns In Texas And Oklahoma

Houston

Austin

Dallas

San Antonio

Midland

Earlsboro

St. Louis Seminole

Bowlegs

Little River

Allen

Seminole City

High-tech Corridors Of Cities In India

Bangalore

Hyderabad

Chennai 

Mumbai

Kolkata 

Textile Mill Towns Of North And South Carolina

Textile manufacture during the Industrial Revolution in Britain was centered in south Lancashire and the towns on both sides of the Pennines. In Germany it was concentrated in the Wupper Valley, Ruhr Region and Upper Silesia, in Spain it was concentrated in Catalonia while in the United States it was in New England.

Chapter Three – Factors that Influence the Location and Spatial Distribution of Economic Activities

Site as an Economic Influence

Economic Influences Economic influence is when a business is affected in any way by the economical factors. Economic Factors are the main elements that affect financial matters of a business like tax, interest rates, banks and stock markets.

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

Singapore has two main commercial port terminal operators, namely PSA Corporation Limited and Jurong Port. Both ports can accommodate all vessel types. The Port of Singapore includes terminals located at Tanjong Pagar, Keppel, Brani, Pasir Panjang, Sembawang and Jurong.

YOUR home

1. My home is nice.
2. My home is not big but its not small.
3. I love my home.

YOUR local region (SC)

Landforms are shapes on the land, such as mountains and rivers. South Carolinahas six physical regions. The regions include the Coastal Zone, Outer Coastal Plain, Inner Coastal Plain, Sandhills, Piedmont, and Blue Ridge region.

3 local manufacturing businesses

1. Kinsouth corp
2. masonite Inc
3. International Plastics

Chapter Four:Consequences of Globalization and Economic Activities

Globalization

Globalisation is the process by which the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange.Globalization has increased the production of goods and services. Freer movement of capital, goods, and services.

Environmental Issues That Accompany Trade

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

Consumers Like Inexpensive Goods

Goods or services that are cheap cost less money than usual or than you expected. If you describe goods as cheap, you mean they cost less money than similar products but their quality is poor.

Carbon Footprint

A carbon footprint is a measure of the impact our activities have on the environment. It calculates the greenhouse gases we are expected to produce in all our activities and measures them in units of carbon dioxide (CO2). The world average is about 4,000 kg of carbon dioxide per person per year.

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, when China entered the World Trade Organization, new research shows.