GEO 108 Lecture Notes - Electronic Funds Transfer, North American Free Trade Agreement, Mercosur
7 Nov 2012
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Document Summary
Chapter 1: economic geography and globalization introductions. Geography: the study of space, of how the earth"s surface is used, of how societies produce places, and how human activities are stretched among different locations. Economic geography: a sub-discipline concerned with the spatial organization and distribution of economic activity, the geographic origins, structure, and dynamics of the world economy. Economic, social, political, an geographic system characterized by private ownership of economic means of production. Interactions of buyers and sellers: supply and demand on the basis of price. Two major groups of decision makers: private households, businesses. Mechanisms operating in capitalism: resource market and product market (see. Gdp (gross domestic product: value of all the goods and services produced in a given country in one year, dividing by population = gdp per capita. Gdp per capita is often used as a measurement of quality of life.
