GEOG101 Chapter Notes - Chapter 15: Gross Domestic Product, Gross National Product, Gross National Income

• School: University of Waterloo
• Department: Geography and Environmental Management
• Course: GEOG101
• Professor: Brent Doberstein

Document Summary

Chapter 15 the geography of economic acivity and agriculture. An economic system is the way in which humans in a society organize themselves in regard to their economic acivity. Determines almost everything else in society, including the poliical system and social relaions. The earliest economic systems were marked by: 1. Reliance on subsistence food gathering or agriculture, which entailed the acquisiion of food just for oneself, one"s family, or possible one"s small group: 2. The vast majority of economic relaions occurring within a small group, as part of either a clan or a village: 3. Small-scale producion, which was likely done within that small group: 4. Extensive use of a barter system, which involved the trading of goods and services. The development of a surplus enabled more occupaional specializaion. Socieies became less egalitarian and were marked by greater social straiicaion, headed by a deined elite group.