What are some effects resources and markets have on the location of economic activities? Additionally, what ways can technology influence this economic activity?
Some effects, resources, and markets have on a location is spending. When people have extra money left over after paying thier bills they spend some of it. When many people spend money at a market the market can expand. When that market expands to a new location more people have the chanse to purchase there resources.
Geography affects economics in the transportation of goods. If a place has mountains that need to be crossed to get to it transportation costs will be higher, making goods more expensive there. Distribution of resources makes economic developement concentrated in places with many resources. For example Arizona doesn't have oilfields, but Texas does. It also affects what kind of economy is there. Arizona has more second level industries while Texas has more first level industries.
Responding to what Andy said. I believe you are mostly wrong with some things correct. People with spare change only constitute a small part of industry. You don't mention the making of goods,and the taking of resources out of the ground for goods. People buying things is only a small part of the economy. The major part of the economy is the manufacture of the objects people buy, which is dependent on the distribution of resources.
Resources make up everything we have. Even synthetically made materials, at the very least, cost resources to make, such as metal for the machinery used in the process. Therefore, it stands to reason that the first civilizations were centered around major resources. However, because now trade is generally easy, economic activity often happens away from the actual resource, as that area is mainly large industries gathering the resources. People live in metropolitan areas and purchase goods made from resources in other areas, paying partially for the transportation and handling of the final product. Technology makes this the way it is because, before industrialization and before transportation was as advanced as it is, most of the population lived near resources where they could sustain themselves and gather their own resources, trading with nearby people to obtain what they cannot get themselves.
Responding to Frank's first comment... I agree that what you said makes sense, and it was as you described in earlier years. However, when you said that economic development is concentrated in places with many resources, I think you underestimated modern transportation. For instance, New York is one of the largest centers of commerce, being the "home" of the stock market. However, we do not use that are for gathering resources, although in colonial times the New England area was a large fishing industry. My point is, because our transportation is so advanced and our society is industrialized as much as it is, resources are now gathered in large quantities, then shipped off to areas with larger populations, as the areas surrounding the resources are usually not the most densely populated. Think of your own example, oil fields, how they are generally in areas with little population. Another example is mining, especially in Arizona. While there are towns near many mining pits, Phoenix is not as close to those resources but has a much larger population and density.
Resources and markets have many effects on economic activities. Well first of all economic activity is the use of scarce resource to fullfill unlimited wants. Suppose an area has many natural resources. Then the economic activity that will occur in this area will involve this resource. For example, where does all of our gas from? It comes from Iraq and Kuwait, the economic activity that we WANT is gas to fuel our cars and because this comes underground and is not found here we must go to oher countrues to supply us with it. In turn, we pay them in some form and they can ask t be paid in an economic activty that we specialize in because of the resources and markets available to us.
Technology influences this economic activity because the more technology the greater degree of use we can get out of the economic activity and the place we are trying to use the resources and markets of. Getting the gas ( more like the oil) out of the ground ins't an easy process, but it is made easy becaue of the technology we have available.
Responding to Andy's first comment: I can see partially where you are going, but I think you7 are partially wrong. It is true that markets expand when people spend their extra money, but that expanding market doesn't physically expand to buy resources from other places. Rather, the market of an area relies on trade with other areas to obtain all the resources it needs. It is this trade that really causes an international market to expand. In our modern day, our technology has allowed us to trade quite efficiently so that we already purchase resources from around the world instead of only relying on the resources near us.
Responding to what Tommy said. I completely agree with what you are saying. Markets are determined by what resources they have access to and what types of industry are there, spending spare change only has a minimal effect on it. Trade with other markets causes economies to expand, big growth is not localized it is international.
Responding to Frank's original comment. I agree with you that certain places have different industry due to the different resources a region or place has. However your transportation analogy is a little un-realistic in the sense that wouldn't business people be a little more smart and just make the good where it is needed instead of manufacturing it somewhere else and then paying transportation prices to get it transported to where it is needed. Unless of course the area has certain NATURAL resources that are needed to make the good, in that case transportation of the good maybe necessary.
Geography vastly affects an area’s economy. This connection between geography and a region’s economy can be directly linked to trading and then to natural resources. Very good examples are modern-day countries and pre-Columbian societies.
The first society I will talk about are the Olmecs. The Olmec civilization was situated near the Coatzacoalcos basin. This basin consisted of small rivers. As we should already know, rivers are one of the critical components in a well-organized trade system. The local vegetation provided cacao, rubber, and salt. The Olmecs were situated into three large “cities”. They traded these goods to each other, overall boosting the Olmec economy.
Next, we have a more familiar civilization. The Aztecs. The Aztec civilization was located in present-day Central America. Every economy needs money; and the Aztec’s money came from their vegetation! The Aztecs used Cacao beans as currency. This money would be used in local markets where tools, clothes, and jewelry could be purchased. Now, the Aztecs had a very abundant supply of natural resources, which included rubber, cotton, and animal products (furs, bird feathers, etc.). They did not have though the necessary materials to fabricate jewelry. So using their natural resources they traded with other civilizations in Central America for their goods. Another example of how geography affects an area’s economy!
On to present day civilizations!
First we have middle-eastern countries. Saudi Arabia, Iran, the United Arab Emirates, Kuwait, and Iraq; just to name a few. These countries are probably the best example of how geography and economics connect. Because of the abundance of oil in the middle-eastern region these countries, which have a very low demand for, light crude oil. They can make a fortune in selling oil to the United States. The third richest country in the world is the United Arab Emirates with a GDP $47,900. The majority of this is probably from oil exports.
China is a very good example of food being a natural resource. The United States is an awful place to grow rice. Because of this, only 1.8% of the world’s rice production comes from the United States. China, which controls over 30% of the world’s production of rice, is currently in an economic boom. Some of this economic success can be directly linked to the export of rice to the United States.
Finally, my favorite example is Canadian uranium mining. Canada, which does not have the resources to enrich natural uranium into U-235, is the largest uranium producing country in the world. Canada often sells its unused Uranium to the United States. In this case Canada makes a very large profit. Off the topic, I find it very disturbing to find that Russia has almost twice as many nuclear weapons as we do. I cannot see any logic in why we call ourselves a superpower.
Back on to topic, as you can see geography is closely linked to economics.
Responding to Andy. I disagree with you that the market runs off of the money people have left over from paying their bills. In fact, this is actually a very small way geography affects economics. The economy runs off of major power industries.
Another way I think that geography is affecting economic is the war that is currently going on. Because we are spending so much money on the war this in a way is having a darastic affect on our economy. This has a lot to do with geography because the war is occuring where it is because the land is good for war and it is good for war because of the resources we want and so on. This is how geography affects economics.
Some effects of resources and markets on the economy are:
Well the amount of money that goes into it because of transportation the amount of money the owners make and the amount of money the costumers put into it. This creates a good healthy economy. The thing is though then the economy becomes reliant on these little markets or resources therefore the economy could go up or down very quickly or suddenly.
Geography has affected economics in many ways, such as agriculture. It would be exceeding inexpensive to have an abundance of natural resources and goods, compared to importing them for other countries. China’s geography is great for growing cotton; which makes China’s cultivated land a very reliable source for producing bountiful cotton products. That’s why most clothing products are manufactured in China, and then imported into America. Climate is also another way how geography has affected economics. Without a certain type of climate, plants wouldn’t be able to thrive. Another way that geography has affected agriculture industry in particular, is land. Without fertilized soil, plants wouldn’t be able to grow either. Natural minerals provided in rich, fertilized soil, supplies nutrition in order for plants to maintain and survive.
Resources and markets have great influence on the location of economic activities. Areas of economic activity are always near where resources can be found and processed, and then made available on the market as goods. However, transportation allows these goods to be moved somewhere else for trade. Products are shipped from areas of primary and secondary industries to areas of tertiary industries, where consumers can purchase them. The development of transportation technology has largely influenced the location of the tertiary industries by allowing mass amounts of goods to be moved quickly and easily.
The effects of resouces and markets on the location of economic activities is that as people earn money, they spend it on things in the market which in turn allows it to expand and create new shops and opprotunities for consumers and business owners. technology can influence the economy because new technology means goods can be made cheaper and faster.
@Brandon: I found your reference to the pre-Columbian societies of Mesoamerica very interesting, and very accurate.
The Olmecs had many important natural resources, of which their most prominent was rubber. Olmec is an Aztec word that means, literally, "rubber land". This abundance of resources led to a very strong trade system. In addition, the climate of their area was humid and rainy year-long, allowing crops to be grown year-round. The network of rivers on which their cities emerged facilitated the transport of goods and materials throughout the region. As the Olmec were the earliest civilization in the region, they are known as a "pristine civilization": they constructed their own society without the influence of previous systems. As a result, they set a precedent in their economic system, influencing all subsequent civilizations.
As is evident from the Olmecs, not only does geography influence the location of economic activities, it can influence how those activities are carried out in many civilizations.
In responce to Rebecca, I would like to clarify your cotton analogy. I did some preliminary research and discovered that the cotton products we buy, use American cotton. America is the largest cotton producing country in the world. It is far cheaper to export our cotton to China, have it processed into clothes, than exported back to America.
@Priya: Transportation of goods from their original source to where they are sold happens all the time, whether it is necessary or not. Take, for example, Brandon's last comment: cotton is produced here in the United States, shipped to China, processed, and shipped back. Why? Because it is convenient for manufacturers and consumers. They will pay the extra money just for the convenience.
It is certain that resources and markets have effects on the location of economic activities. Usually, economic activities take place in locations where there is an abundance of resources; otherwise, the markets depend on trading with other places to gain the necessary resources. After they are transformed into items that can be sold, they are placed on the market. The incredible technology of transportation has an enormous influence on economic activities. For instance, this technology makes it possible for the public to move items that are on the market to other locations. The goods would most likely be moved to tertiary industries (which are service industries where they can be sold and the third category of industries). As you can clearly see, resources, markets, as well as transportation (technology) can have an impact on economic activities as it is demonstrated in our economy today.
Responding to Rick’s first comment. I agree with your statement when you said that new technology enables people to create products more efficiently (rapidly and more simple). Before your comment, I could only think about transportation being the influence on economic activities. In conclusion, thank you for reminding me of this fact which I carelessly overlooked.
Some of the effects resources and markets have on the economy is transportation. Transportation costs money so the markets have to pay money to use then the costumers pa for the products, so it works either wa. Technology gets invovled because it helps urbinization and industliazation grow in rural areas.
In response to Frank: I completly agree with you that transportation will increase it there are geographical issues. prices will increase when there is not as much in that area.
Responding to Ross’ first comment. As Brandon said, I do not really comprehend what you are trying to convey. I mean, I understand that transportation costs money, but after that I did not see how your response answered the question (sorry). If you could explain, I would really appreciate it.
In response to Ross, I'm not sure what you are traying to say but when producers make the products they pay a small fee and make consumers buy there products for a much larger fee so they can make a profit.
Some effects resources and markets have on the location of economic activities are that location counts. When you as a seller are trying to sell things you need somewhere where you can make money, meaning people. Markets have to be in a place where people are in order to work. In Chin , markets are all over the city because that is where the people are. Technology influences the economic activity because over time technology changes causing everything around it to change or adapt.
Andy- I totally aree with your reasons why resources and markets have to deal with economic activities. Your point is that without people there would be no markets, which I agree with.
Some effects resources and markets have on the economic activity is transports of goods and spending. Markets are made in certain location based on the transportation and roads to get there, if it is close or easily accessible more people will go to is, so location plays a big part in the where the market is located and where the economic activities are located. Technology influences the economic activity because goods are made by technology and as technology advances it makes good easier to make and easier to get to.
29 comments:
Some effects, resources, and markets have on a location is spending. When people have extra money left over after paying thier bills they spend some of it. When many people spend money at a market the market can expand. When that market expands to a new location more people have the chanse to purchase there resources.
Geography affects economics in the transportation of goods. If a place has mountains that need to be crossed to get to it transportation costs will be higher, making goods more expensive there. Distribution of resources makes economic developement concentrated in places with many resources. For example Arizona doesn't have oilfields, but Texas does. It also affects what kind of economy is there. Arizona has more second level industries while Texas has more first level industries.
Responding to what Andy said. I believe you are mostly wrong with some things correct. People with spare change only constitute a small part of industry. You don't mention the making of goods,and the taking of resources out of the ground for goods. People buying things is only a small part of the economy. The major part of the economy is the manufacture of the objects people buy, which is dependent on the distribution of resources.
Resources make up everything we have. Even synthetically made materials, at the very least, cost resources to make, such as metal for the machinery used in the process. Therefore, it stands to reason that the first civilizations were centered around major resources. However, because now trade is generally easy, economic activity often happens away from the actual resource, as that area is mainly large industries gathering the resources. People live in metropolitan areas and purchase goods made from resources in other areas, paying partially for the transportation and handling of the final product. Technology makes this the way it is because, before industrialization and before transportation was as advanced as it is, most of the population lived near resources where they could sustain themselves and gather their own resources, trading with nearby people to obtain what they cannot get themselves.
Responding to Frank's first comment...
I agree that what you said makes sense, and it was as you described in earlier years. However, when you said that economic development is concentrated in places with many resources, I think you underestimated modern transportation. For instance, New York is one of the largest centers of commerce, being the "home" of the stock market. However, we do not use that are for gathering resources, although in colonial times the New England area was a large fishing industry. My point is, because our transportation is so advanced and our society is industrialized as much as it is, resources are now gathered in large quantities, then shipped off to areas with larger populations, as the areas surrounding the resources are usually not the most densely populated. Think of your own example, oil fields, how they are generally in areas with little population. Another example is mining, especially in Arizona. While there are towns near many mining pits, Phoenix is not as close to those resources but has a much larger population and density.
Resources and markets have many effects on economic activities. Well first of all economic activity is the use of scarce resource to fullfill unlimited wants. Suppose an area has many natural resources. Then the economic activity that will occur in this area will involve this resource. For example, where does all of our gas from? It comes from Iraq and Kuwait, the economic activity that we WANT is gas to fuel our cars and because this comes underground and is not found here we must go to oher countrues to supply us with it. In turn, we pay them in some form and they can ask t be paid in an economic activty that we specialize in because of the resources and markets available to us.
Technology influences this economic activity because the more technology the greater degree of use we can get out of the economic activity and the place we are trying to use the resources and markets of. Getting the gas ( more like the oil) out of the ground ins't an easy process, but it is made easy becaue of the technology we have available.
Responding to Andy's first comment:
I can see partially where you are going, but I think you7 are partially wrong. It is true that markets expand when people spend their extra money, but that expanding market doesn't physically expand to buy resources from other places. Rather, the market of an area relies on trade with other areas to obtain all the resources it needs. It is this trade that really causes an international market to expand. In our modern day, our technology has allowed us to trade quite efficiently so that we already purchase resources from around the world instead of only relying on the resources near us.
Responding to what Tommy said. I completely agree with what you are saying. Markets are determined by what resources they have access to and what types of industry are there, spending spare change only has a minimal effect on it. Trade with other markets causes economies to expand, big growth is not localized it is international.
Responding to Frank's original comment. I agree with you that certain places have different industry due to the different resources a region or place has. However your transportation analogy is a little un-realistic in the sense that wouldn't business people be a little more smart and just make the good where it is needed instead of manufacturing it somewhere else and then paying transportation prices to get it transported to where it is needed. Unless of course the area has certain NATURAL resources that are needed to make the good, in that case transportation of the good maybe necessary.
Geography vastly affects an area’s economy. This connection between geography and a region’s economy can be directly linked to trading and then to natural resources. Very good examples are modern-day countries and pre-Columbian societies.
The first society I will talk about are the Olmecs. The Olmec civilization was situated near the Coatzacoalcos basin. This basin consisted of small rivers. As we should already know, rivers are one of the critical components in a well-organized trade system. The local vegetation provided cacao, rubber, and salt. The Olmecs were situated into three large “cities”. They traded these goods to each other, overall boosting the Olmec economy.
Next, we have a more familiar civilization. The Aztecs. The Aztec civilization was located in present-day Central America. Every economy needs money; and the Aztec’s money came from their vegetation! The Aztecs used Cacao beans as currency. This money would be used in local markets where tools, clothes, and jewelry could be purchased. Now, the Aztecs had a very abundant supply of natural resources, which included rubber, cotton, and animal products (furs, bird feathers, etc.). They did not have though the necessary materials to fabricate jewelry. So using their natural resources they traded with other civilizations in Central America for their goods. Another example of how geography affects an area’s economy!
On to present day civilizations!
First we have middle-eastern countries. Saudi Arabia, Iran, the United Arab Emirates, Kuwait, and Iraq; just to name a few. These countries are probably the best example of how geography and economics connect. Because of the abundance of oil in the middle-eastern region these countries, which have a very low demand for, light crude oil. They can make a fortune in selling oil to the United States. The third richest country in the world is the United Arab Emirates with a GDP $47,900. The majority of this is probably from oil exports.
China is a very good example of food being a natural resource. The United States is an awful place to grow rice. Because of this, only 1.8% of the world’s rice production comes from the United States. China, which controls over 30% of the world’s production of rice, is currently in an economic boom. Some of this economic success can be directly linked to the export of rice to the United States.
Finally, my favorite example is Canadian uranium mining. Canada, which does not have the resources to enrich natural uranium into U-235, is the largest uranium producing country in the world. Canada often sells its unused Uranium to the United States. In this case Canada makes a very large profit. Off the topic, I find it very disturbing to find that Russia has almost twice as many nuclear weapons as we do. I cannot see any logic in why we call ourselves a superpower.
Back on to topic, as you can see geography is closely linked to economics.
Responding to Andy. I disagree with you that the market runs off of the money people have left over from paying their bills. In fact, this is actually a very small way geography affects economics. The economy runs off of major power industries.
Another way I think that geography is affecting economic is the war that is currently going on. Because we are spending so much money on the war this in a way is having a darastic affect on our economy. This has a lot to do with geography because the war is occuring where it is because the land is good for war and it is good for war because of the resources we want and so on. This is how geography affects economics.
Some effects of resources and markets on the economy are:
Well the amount of money that goes into it because of transportation the amount of money the owners make and the amount of money the costumers put into it. This creates a good healthy economy. The thing is though then the economy becomes reliant on these little markets or resources therefore the economy could go up or down very quickly or suddenly.
Geography has affected economics in many ways, such as agriculture. It would be exceeding inexpensive to have an abundance of natural resources and goods, compared to importing them for other countries. China’s geography is great for growing cotton; which makes China’s cultivated land a very reliable source for producing bountiful cotton products. That’s why most clothing products are manufactured in China, and then imported into America. Climate is also another way how geography has affected economics. Without a certain type of climate, plants wouldn’t be able to thrive. Another way that geography has affected agriculture industry in particular, is land. Without fertilized soil, plants wouldn’t be able to grow either. Natural minerals provided in rich, fertilized soil, supplies nutrition in order for plants to maintain and survive.
Resources and markets have great influence on the location of economic activities. Areas of economic activity are always near where resources can be found and processed, and then made available on the market as goods. However, transportation allows these goods to be moved somewhere else for trade. Products are shipped from areas of primary and secondary industries to areas of tertiary industries, where consumers can purchase them. The development of transportation technology has largely influenced the location of the tertiary industries by allowing mass amounts of goods to be moved quickly and easily.
The effects of resouces and markets on the location of economic activities is that as people earn money, they spend it on things in the market which in turn allows it to expand and create new shops and opprotunities for consumers and business owners. technology can influence the economy because new technology means goods can be made cheaper and faster.
@Brandon: I found your reference to the pre-Columbian societies of Mesoamerica very interesting, and very accurate.
The Olmecs had many important natural resources, of which their most prominent was rubber. Olmec is an Aztec word that means, literally, "rubber land". This abundance of resources led to a very strong trade system. In addition, the climate of their area was humid and rainy year-long, allowing crops to be grown year-round. The network of rivers on which their cities emerged facilitated the transport of goods and materials throughout the region.
As the Olmec were the earliest civilization in the region, they are known as a "pristine civilization": they constructed their own society without the influence of previous systems. As a result, they set a precedent in their economic system, influencing all subsequent civilizations.
As is evident from the Olmecs, not only does geography influence the location of economic activities, it can influence how those activities are carried out in many civilizations.
In responce to Rebecca, I would like to clarify your cotton analogy. I did some preliminary research and discovered that the cotton products we buy, use American cotton. America is the largest cotton producing country in the world. It is far cheaper to export our cotton to China, have it processed into clothes, than exported back to America.
@Priya: Transportation of goods from their original source to where they are sold happens all the time, whether it is necessary or not. Take, for example, Brandon's last comment: cotton is produced here in the United States, shipped to China, processed, and shipped back. Why? Because it is convenient for manufacturers and consumers. They will pay the extra money just for the convenience.
It is certain that resources and markets have effects on the location of economic activities. Usually, economic activities take place in locations where there is an abundance of resources; otherwise, the markets depend on trading with other places to gain the necessary resources. After they are transformed into items that can be sold, they are placed on the market. The incredible technology of transportation has an enormous influence on economic activities. For instance, this technology makes it possible for the public to move items that are on the market to other locations. The goods would most likely be moved to tertiary industries (which are service industries where they can be sold and the third category of industries). As you can clearly see, resources, markets, as well as transportation (technology) can have an impact on economic activities as it is demonstrated in our economy today.
Responding to Rick’s first comment. I agree with your statement when you said that new technology enables people to create products more efficiently (rapidly and more simple). Before your comment, I could only think about transportation being the influence on economic activities. In conclusion, thank you for reminding me of this fact which I carelessly overlooked.
Some of the effects resources and markets have on the economy is transportation. Transportation costs money so the markets have to pay money to use then the costumers pa for the products, so it works either wa. Technology gets invovled because it helps urbinization and industliazation grow in rural areas.
In response to Frank:
I completly agree with you that transportation will increase it there are geographical issues. prices will increase when there is not as much in that area.
Lauren, you are completely correct. I very much agree with your wonderful analogy the different forms of industries.
Ross, I do not completely understand you transportation response. Could you elaborate?
I completly agree wih you Andy. That how people have extra money left then spend it. That markets expand when people spend money
Responding to Ross’ first comment. As Brandon said, I do not really comprehend what you are trying to convey. I mean, I understand that transportation costs money, but after that I did not see how your response answered the question (sorry). If you could explain, I would really appreciate it.
In response to Ross, I'm not sure what you are traying to say but when producers make the products they pay a small fee and make consumers buy there products for a much larger fee so they can make a profit.
Some effects resources and markets have on the location of economic activities are that location counts. When you as a seller are trying to sell things you need somewhere where you can make money, meaning people. Markets have to be in a place where people are in order to work. In Chin , markets are all over the city because that is where the people are. Technology influences the economic activity because over time technology changes causing everything around it to change or adapt.
Andy-
I totally aree with your reasons why resources and markets have to deal with economic activities. Your point is that without people there would be no markets, which I agree with.
Some effects resources and markets have on the economic activity is transports of goods and spending. Markets are made in certain location based on the transportation and roads to get there, if it is close or easily accessible more people will go to is, so location plays a big part in the where the market is located and where the economic activities are located. Technology influences the economic activity because goods are made by technology and as technology advances it makes good easier to make and easier to get to.
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