Economic
Geography of
South Africa
, Terminology
Structure of the economy
Spatial: relating to, occupying, or having the character of space
Temporal: of or pertaining to time
Resources: a person, asset, material, or capital that can be used to accomplish a goal
Raw materials: materials or substances used in the primary production or manufacture a product
GDP: Gross Domestic Product. The measure of a country's economic value, from all goods and
services from within the borders of a country, measured over a year
Reserves: A supply of a commodity not needed for immediate use but available if required
Agriculture
Subsistence farming: farming to survive and meet one's own needs
Commercial farming: farming as a business for profit
Economy: all activities related to the production, distribution and interaction of all goods and services
within a geographical area
Apartheid: a political policy or system of racial discrimination based on segregation
Infrastructure: the basic physical systems of a country including roads, utilities, water, sewerage etc.
Horticulture: the science and art of cultivating fruits, vegetables, flowers or ornamental plants
Acidic: having the properties of an acid, or containing acid; having a pH below 7
Alkaline: having the properties of an alkali, or containing alkali; having a pH greater than 7
Mining
Investment: the action or process of investing money for profit or material result
Coking: a type of coal used as a fuel in smelting iron ore
Secondary and tertiary sectors
MEDCs: More economically developed countries
Agglomeration: to group together with other similar activities
Entrepreneurs: a person who organises and operates a business/es, taking on financial risk to do so
Parastatal: a company or agency owned or controlled wholly or partly by the government
Strategies for industrial development
Post-apartheid: from 1994 when apartheid was dismantled. South Africa became a true democracy
Incentives: A payment or concession to stimulate greater output or investment
Strategic: decisions or plans designed to impact favourably on the desired outcome of an organisation,
system or venture
Value-added production: process whereby raw material is increased by manufacturing, construction
and processing to create a product of greater monetary value
Bilateral agreement: agreement involving two parties, usually countries
Logistics: the detailed coordination of a complex operation involving many people, facilities or supplies
Sceptical: not being easily convinced, having doubts or reservations
Geography of
South Africa
, Terminology
Structure of the economy
Spatial: relating to, occupying, or having the character of space
Temporal: of or pertaining to time
Resources: a person, asset, material, or capital that can be used to accomplish a goal
Raw materials: materials or substances used in the primary production or manufacture a product
GDP: Gross Domestic Product. The measure of a country's economic value, from all goods and
services from within the borders of a country, measured over a year
Reserves: A supply of a commodity not needed for immediate use but available if required
Agriculture
Subsistence farming: farming to survive and meet one's own needs
Commercial farming: farming as a business for profit
Economy: all activities related to the production, distribution and interaction of all goods and services
within a geographical area
Apartheid: a political policy or system of racial discrimination based on segregation
Infrastructure: the basic physical systems of a country including roads, utilities, water, sewerage etc.
Horticulture: the science and art of cultivating fruits, vegetables, flowers or ornamental plants
Acidic: having the properties of an acid, or containing acid; having a pH below 7
Alkaline: having the properties of an alkali, or containing alkali; having a pH greater than 7
Mining
Investment: the action or process of investing money for profit or material result
Coking: a type of coal used as a fuel in smelting iron ore
Secondary and tertiary sectors
MEDCs: More economically developed countries
Agglomeration: to group together with other similar activities
Entrepreneurs: a person who organises and operates a business/es, taking on financial risk to do so
Parastatal: a company or agency owned or controlled wholly or partly by the government
Strategies for industrial development
Post-apartheid: from 1994 when apartheid was dismantled. South Africa became a true democracy
Incentives: A payment or concession to stimulate greater output or investment
Strategic: decisions or plans designed to impact favourably on the desired outcome of an organisation,
system or venture
Value-added production: process whereby raw material is increased by manufacturing, construction
and processing to create a product of greater monetary value
Bilateral agreement: agreement involving two parties, usually countries
Logistics: the detailed coordination of a complex operation involving many people, facilities or supplies
Sceptical: not being easily convinced, having doubts or reservations
