GEOG 216 Study Guide - Midterm Guide: Money Supply, Gross Domestic Product, Economic Integration
5 Dec 2012
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Document Summary
Lecture 2: geographies of global change. Lecture 3: mapping the world economy. Location of decision making: decentralized, producer and consumer sovereignty. Ownership and control of the means of production: individual entrepreneurs, private property rights. Pattern of industry: competition with freedom of entry and exit. Spatial organization: spatially extensive trade. Location of decision making: central authority. Allocative mechanism: central planning. Pattern of industry: coordinate state monopolies. Spatial organization: generally extensive. Allocative mechanism: fairly open access to resources. Pattern of industry: informal sector, dualism may exist. Lecture 5: recent patterns and trends- a global perspective. Lecture 6: recent patterns and trends: a canadian perspective. Quantity and characteristics of land. Soils, minerals, forests, fisheries, animals, water, resources, geographic location, climate: labour. Relative abundance (lower wages) or scarcity(higher wages) Skill levels (what kind of knowledge they have) Entrepreneurship: propensity to innovate and create, special management and decision making skills.
