A system of production, distribution and
[Pages:131]? A system of production, distribution and consumption in a region.
? PUT YOUR NAMES ON THEM!
Chapter 12: Industry and Services
Unit 9: Economic Development
Ch. 12 and Ch.10
?Commodity = a good that is marketed and sold
?Commodity Chain ? Explains the links between producers and consumers
Tea leaves grown by thousands of
small farms
Oversupply of tea and poverty
at this stage
Most of the profit happens at this
stage
Consumers purchases tea in
retail store
Trader sells tea to various tea companies
Tea companies sell it to retailers
?
? Sectors = Economic categories
? The economy can be broken down into different sectors
? The type of sectors depends on what is being categorized two ways:
Stage of Production
Product or Service Type
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