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What is an Export Commodity?

Goods produced in one country and sold to another, such as wheat, cotton, and oil.

All Flashcards

What is an Export Commodity?
Goods produced in one country and sold to another, such as wheat, cotton, and oil.
What is a Luxury Crop?
High-value crops not essential for survival, like coffee, cocoa, and tobacco.
Define Neocolonialism.
Economic and political control of developing countries by powerful nations, often through corporations and trade.
What is a Fair Trade Agreement?
Agreements promoting fair treatment of workers and sustainable practices, setting minimum prices and requiring environmentally responsible methods.
What is a Subsidy?
Government financial support to businesses or individuals to promote specific goals.
Define Infrastructure.
Basic physical and organizational structures needed for society to function, such as roads, bridges, power supplies, and schools.
What are the steps in a smartphone's global supply chain?
Design in US, sourcing raw materials globally, manufacturing in countries like China and Vietnam, shipping to global distribution centers, delivery to customer.
What is the Global Agricultural System?
A complex web of economic, social, and environmental factors shaping how food is produced, distributed, and consumed worldwide.
What is a Global Supply Chain?
The networks of organizations, people, activities, information, and resources involved in getting goods from raw materials to consumers.
Explain the North-South Divide in food distribution.
Developed countries (North) often export food to developing countries (South), creating dependencies.
Explain the Urban-Rural Divide in food distribution.
Urban areas have better access to diverse foods than isolated rural areas.
Explain the Rich-Poor Divide in food distribution.
Wealthier populations have access to higher-quality food compared to poorer populations.
What is Intra-regional Trade?
High food trade within regions, like the EU.