GEOG101 Lecture Notes - Lecture 7: Gross National Income, Economic Geography, Subsidence
11 Dec 2017
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Lecture 7 - geog 101 | nancy worth. Spatial aspects of economy: how people earn a living in different areas, how livelihoods systems vary from place to place, how economic activities are spatially related. Interrelationships of economic activity in different places: explanations for variations from place to place. Forestry: mining, types of economic systems: small scale subsidence, key similarities, all goods and services used by producer. Isolated from world markets: types of economic systems: large scale commercial/capitalist. Labour: crop type, mechanization, highly responsive to market or government signals (prices, government. Secondary structure: manufacturing: modern manufacturing location highly cost dependent. Labour costs (min wages, training: energy costs (depends on location, transportation. Linkage costs (e. g. complementary suppliers: raw materials to the plant, to markets taxes, direct factors of production. Financial system: government support, education/training, entrepreneurship, taxes, mass production, manufacturing: adds value greater than the sum of the raw materials used.
