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C11

Economics and Industry

TermDefinition
Break-of Bulk Point A location where transfer is possible from one mode of transportation to another.
Bulk-Gaining Industry An industry in which the final product weighs more or comprises a greater volume than the inputs.
Bulk-Reducing Industry An industry in which the final product weighs less or comprises less volume than the inputs.
Just-In-Time Delivery Shipment of parts and materials to arrive at a factory moments before they are needed.
Maquiladora A factory built by a US company in Mexico near the US border to take advantage of the much lower labor costs in Mexico.
International Division of Labor A conception of economic production being transnational and as interdependent on labor in different places.
Special Economic Zone An area in which the business and trade laws are different from the rest of the country.
Free Trade Zone/Export Processing Zone Area where goods may be imported, stored, handled, manufactured, or reconfigured and re-exported under specific customs regulations and often no taxes. (example of a SEZ)
Created by: ladyhogan
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