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Summary Economics notes for grade 12's

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Economic notes for grade 12 learners

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12th Grade








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Geography terms page 250-312:
 Sector: One part or component of a larger system.
 Extractive: Deriving products from nature.
 Economy: A country’s (or households) income and how it is spent.
 GDP (gross domestic product): A total value of a country’s output
during a year.
 Pastoral farming: The raising of animals such as cattle, sheep and
goats.
 Agriculture: Farming, the use of the land to grow crops and rear
animals.
 Hydroponic farming: Growing plants without soil.
 Communal farming: Food production on the land that is owned by a
group often living there.
 Food security: A condition in which people have and can afford safe
and nutritious food for a healthy life.
 Food insecurity: A condition in which people do not have enough
nutritious food and do not know where there next meal may come
from.
 Thermal gradient: The rate at which rock temperature increases with
increasing depth at the surface.
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