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THIS IS FOR GLOSSARY OF TERMS THEREFORE PLEASE MAKE ANSWERS WITH HIGH VOCABLUARY

2007-01-10 05:04:55 · 2 answers · asked by Anonymous in Education & Reference Homework Help

2 answers

Low-order Goods/Services: a good or service, usually inexpensive, that people buy on a regular, often daily daily basis - for example, newspapers, bread and milk. Low-order goods and services are usually purchased from shops located in suburban or neighbourhood centres close to where people live. (See corner shop).

2007-01-10 05:45:12 · answer #1 · answered by Mubz 4 · 0 0

I think that in terms of geography that low order goods would be common and necessary raw materials needed for modern society. These goods would have relatively low intrinsic value, but are vital nevertheless. Examples would be building lumber, iron ore, petroleum, fresh water, arable land, general crops, herd beasts (cattle, pigs, chickens). All this is opposed to medium or high order geographical goods such as uranium, gold, silver, specialty or rare woods, marble, slate, gemstones, and so forth.

2007-01-10 13:55:43 · answer #2 · answered by Anonymous · 0 0

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