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AP Ch.11 Industry
Question | Answer |
---|---|
does steel rust | no |
does iron rust | yes |
taking cotton and spinning it into thread by spools | textile |
what 3 things do you need access to in order to industrialize | land , labor, capital (money) |
age of a lot of prosterity | gilded age |
industry and manufacturing were at their height in the United States in the late _____________________ and early ________________ | 1800s and 1900s |
production increased greatly due to _______________ | fordism |
assembly line production of identical commodities by a rigidly controlled and specialized labor force for mass markets | fordism |
fordism increased efficiency and made goods ______________________ | cheaper |
industry had been concentrated around _______________________ to ______________________ | Pennsylvania to Michigan |
called the ______________________ because the industries were left to rust | Rust Belt |
because land, labor, and capital are more desirable in _______________, the United States has become less industrialized | LDCs |
what kind of industries is the US economy based on and give some examples | service industries- sales, telecommunications, banking |
what is the benefit of service industries | low/no transportation cost |
in comparison to other things | situation location |
specific place | site location |
who do manufacturers try to locate their factories close to | buyers and sellers |
what does every factory use to make their product and give some examples | inputs- materials, energy, machinery, supporting services |
an industry in which the inputs weighs more than the final product | bulk-reducing industry |
where doe bulk-reducing industries need to be located to and why | source of inputs to minimize transportation costs |
what are some examples of bulk- reducing | copper and steel |
industry that makes something that gains volume or weight during production | bulk-gaining industry |
where do bulk-gaining industries need to be located | near where the product is sold to minimize transportation costs |
what are some examples of bulk-gaining industries | fabricated metals and beverage production |
what is the largest market for fabricated metals and machinery | motor vehicles |
where must perishable products be located | near the market (Von Thunen Model) |
why is newspaper a "perishable" good | the news has a certain date |
what type of transportation is used for short distance deliveries | trucks |
what type of transportation is used for 1+ days, longer to load, no daily rests | rail |
what type of transportation is used for long distance, slower than land based | ships |
used for speedy delivery , small, high value packages | air |
the spatial concentration of people and activities for mutual benefit | agglomeration |
each new firm added will lead to further development of infrastructure and linkages | multiplier effect |
benefits of agglomeration | similar or interrelated companies nearby, pools of skilled and ordinary labor, capital, infrastucutre |
disadvantages of agglomeration | congestion, high land values, pollution, increased government, pollution, high land values |
when its more profitable for a company to be in an isolated location | deglomeration |
3 site factors | land, labor, capital |
what type of factory is most efficient | one story buildings |
why do factories need to be near major highways | for trucks |
environmental factors of the land | climate, cultural facilities, low cost energy |
_______________ billion workers are engaged in industry globally | 1/2 |
what fraction of china's population is in the work force | 1/4 |
what fraction of India's population is in the work force | 1/5 |
what fraction of MDCs are in the work force | 1/5 |
wages and compensation for labor is a high percentage of total expenses | labor intensive industries |
what are some examples of labor intensive industries | apparel and textiles |
investment in business | capital |
where does 1/4 of all the capital in the US go | silicon valley |
what does a business usually begin with | a loan |
turning over much of the responsibility for production to independent suppliers | outsourcing |
many American companies have moved much of their operations to India because of ______________________ | cheap labor |
trying to bring companies to them | export-processing zones |
type of ______________________________ set up generally in developing countries by their governments to promote industrial and commercial eports | free trade zone |
who owns most maquiladoras | US |
foreign owned company located in the US- Mexico border region | maquiladoras |
why do companies set up maquiladoras | cheaper labor, favorable tax breaks (NAFTA), lax environmental regulations, close to markets at minimal cost |
what are 3 other government policies part of site factors | education/ funding, taxes/subsidies, environmental regulations |
what did the novel The Jungle expose | working conditions of workers in meat packing plants |
what happened at the triangle shirt waist factory and why did so many people die | fire broke out and led to the death of 146 women and young girls because they worked with the doors and windows locked |
predicting where business will or should be located | location theory |
what 6 factors must a location consider | source of suppliers, political-cultural climate, labor, market, transportation, power supply |
who came up with the least cost theory | Alfred Weber |
location where all of the costs are the lowest | optimum location |
if a factory is closer to raw materials then it is _______________ | bulk-reducing |
if a factory is closer to the market then it is _____________________ | bulk-gaining |
______________ and _________________ are the most important factors | distance and weight |
high labor costs _________ profit | reduce ( dangerous jobs & more education) |
similar businesses cluster in the same area and businesses support each other | agglometation |
weber's 5 assumptions | uniformity, one product/ market, raw materials, infinite/ immobile labor, fixed transportation rules |