Industry Terms
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
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| Right-to-work State | show 🗑
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| Site Factors | show 🗑
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| show | Involve transporting materials to and from a factory
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| show | Woven fabric
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| show | A group of neighboring countries that promote trade with each other and erect barriers to limit trade with other blocs. Three most important trading blocs are Western Hemisphere, Western Europe, and East Asia
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| show | A series of improvements in industrial
technology that transformed the process of
manufacturing goods.
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| Labor Intensive Industry | show 🗑
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| show | A location where transfer is possible
from one mode of transportation to
another.
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| show | An industry in which the final product
weighs more or comprises a greater
volume than the inputs.(locate where the product is going to be sold)
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| show | An industry in which the final product
weighs less or comprises a lower
volume than the inputs.(Copper, Smelting, Paper, Refining, Lumber Products, Corn, Ethanol)
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| show | Manufacturing based in homes rather
than in a factory, commonly found
before the Industrial Revolution.
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| show | Form of mass production in which each worker is assigned one specific task to perform repeatedly.
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| Maquiladoras | show 🗑
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| show | Transfer of some types of jobs (especially
those requiring low-paid less skilled
workers) from MDCs to LDCs
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| show | Adoption by companies of flexible work
rules, such as the allocation of workers to
teams that perform a variety of tasks.
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| show | grouping together of of many firms from the same industry in a single area for collective or cooperative use of infrastructure and sharing of labor resources
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| Degglomeration | show 🗑
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| Ancillary Activities | show 🗑
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| Conglomerate Corporation | show 🗑
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| Deindustrialzation | show 🗑
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| show | Web-based Economic Activities
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| show | Regions that fail to gain from national economic development
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| Eco-Tourism | show 🗑
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| show | Manufacturing activities in which cost of transporting both raw materials and finished product is not important for determining the location of the firm
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| show | System of standardized mass production attributed to Henry Ford
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| show | Overseas business investments made by private companies
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| Globalization | show 🗑
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| show | The total value of goods and services produced within the borders of a country during a specific time period, usually one year.
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| Gross National Product | show 🗑
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| Industrialization | show 🗑
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| Industrialized Nations | show 🗑
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| Least Cost Theory | show 🗑
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| Least COst REgions | show 🗑
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| Outsourcing | show 🗑
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| show | The value of a particular product compared to the amount of labor needed to make it.
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| show | Equilibrium exchange rate between currencies to equalizetheir purchasing power. Importance: Shows economic prosperity and creates equzlity in trade.
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| Quartnary Quinary Economic Activities | show 🗑
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| show | the process by which specific regions acquire characteristics that differentiate them from others within the same country
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| Renewable Resources | show 🗑
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| show | a model of economic development that describes a country's progression which occurs in five stages transforming them form least-developed to most-developed
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| The Rust Belt | show 🗑
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| show | economic activities concerned with the processing of raw materials such as manufacturing, construction, and power generation
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| Primary Economic Activities | show 🗑
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| Service Based Economies | show 🗑
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| show | An input cost in manufacturing that remains constant wherever production is located
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| show | Costs that vary or change depending on the location of an industrial activity.
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| show | Item that is extraordinary or unique enough to motivate people to make sure an unusual effort to get it.
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| show | Tertiary economic activities are the service industry.Trade is tertiary activity in which transportation is very important via air route,land route.
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| Export Processing Zone | show 🗑
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| show | areas that have specially designed to promote business transactions, and thus have become centers for banking and finance
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| Off shore financial center | show 🗑
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| Quinary Economic Activities | show 🗑
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| show | The negative effects on one region that result from economic growth within another region
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| show | Factories built by the U.S. companies in
Mexico near the U.S. border, to take
advantage of much lower labor costs in
Mexico.
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| Alfred Weber's Theory of Industrialization | show 🗑
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| show |
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Created by:
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