Economy & Markets
How much consumers want a product based on its price
Demand
Businesses that transform raw products into consumable goods
Processors
a trade deal between two countries
bilateral agreement
reliable access for all people to sufficient, safe, nutritious food
Food Security
A measure of the environmental demand human activities place on Earth
Ecological footprint
The quantity of goods producers bring to market
Supply
The series of steps that takes food from farms to our plates
Supply Chain
a trade deal involving three or more nations
multilateral agreement
The level of food security where individuals miss meals, reduce food intake, and at the most extreme, go days without food.
Severe
An evaluation of a product's environmental impact from creation through disposal
Life Cycle Assessment
An economic system relying primarily on supply and demand with minimal gov't intervention
Market Economy
A system where production is matched to demand to ensure steady and affordable access to food
Supply Management
a tax or duty that is paid on a good that is imported into a country
tariff
The principle of local control over food systems and sustainable production
Food Sovereignty
the variety of agricultural species and ecosystems on earth
Agro-biodiversity
A system blending free-market forces with gov't regulation in key industries
Mixed Economy
products which have a specific lifespan, after which they deteriorate
perishable
The removal or reduction of barriers to the free flow of goods between nations
Trade Liberalization
Collective decisions by governments, businesses, and organizations shaping foods farm-to-table journey
Food Policy
When resources are limited forcing consumers and farmers to make choices.
Scarcity
The total annual value of all goods and services produced within a country
GDP
The enforced limit on how much of a product can be produced to match domestic demand
quota
The growing interdependence of cultures, economies, and peoples worldwide
Globalization
all the processes involved in a food system are supported in a specific place or community
Community Food System
Molecules regulating biological functions, with synthetic versions banned in certain products
Hormones