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AP HUG UNIT 7

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Term
Definition
show A period of rapid growth in the use of machines in manufacturing and production that began in the mid-1700s.  
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Primary Sector   show
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show Processing natural materials into finished goods Manufacturing, construction, utilities, etc  
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show Offering services to consumers Retail, tourism, entertainment, etc  
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Quaternary Sector   show
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show The highest levels of decision-making in a society or economy CEO, school superintendent, etc  
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show industrial location factors related to the costs of the factors of production inside the factory  
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show cheap land (cheaper in suburbs and rural areas right outside of urban ones), want to be close to highway and other transportation routes  
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Site Factors-Capital   show
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show most important site factor globally  
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Labor-intensive industry   show
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Break-of-Bulk-Point   show
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Weber’s Least Cost Theory   show
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show makes something that gains volume or weight during production. To minimize transportation costs, they focus on proximity to markets.  
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Bulk Reducing   show
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Agglomeration   show
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show The value of the total number of goods and services produced in a country in a given time period (normally one year). (within the country)  
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Gross National Product (GNP)   show
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Gross National Income (GNI) per capita   show
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Gender Inequality Index (GII)   show
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show Indicator of level of development for each country, constructed by the United Nations, combining income, literacy, education, and life expectancy.  
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Microloans   show
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Enduring Understanding   show
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show assumed that all countries wanted to modernize, and that all would, though at different speeds. Rostow also saw economic development as a linear progression in which countries moved from one stage to the next until they reached high mass consumption.  
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show holds that LDCs are highly dependent on foreign factories and technologies from MDCs to provide employment and infrastructure. The LDCs in this theory get stuck in the continuous cycle of dependency on the MDCs which never allow their economies to fully.  
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Wallerstein’s World Systems Theory   show
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show One place must have what another wants and can secure. because they're good at it. example: Flow of seasonal fruits and vegetables from California's Valley to urban markets of the American Midwest and East  
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Comparative advantage   show
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show economic policies that are predicated on a minimalist role for the state, assuming the desirability of free markets as the ideal condition not only for economic organization but also for political and social life  
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Free trade agreements   show
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EU   show
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show works to negotiate rules of trade among the member states  
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show International Organization. Organization of Petroleum Exporting Countries. Purpose: to control worldwide prices of gas.  
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Tariffs   show
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International Monetary Fund (IMF)   show
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show the extension of very small loans to impoverished borrowers; it is designed not only to support entrepreneurship and alleviate poverty, but also in many cases to empower women and uplift entire communities by extension  
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Mercosur   show
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Outsourcing   show
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show The NICs are Brazil, Russia, India, China, South Africa, and Mexico.  
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New Asian Tigers   show
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show specific areas within a country in which tax and investment incentives are implemented to attract foreign (and domestic) businesses and investment.  
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free-trade zones   show
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show are areas found in many regions of the developing world. They provide incentives for foreign companies to conduct their business in developing regions.  
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show Transfer of some types of jobs, especially those requiring low-paid less skilled workers, from more developed to less developed countries.  
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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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Post-Fordism   show
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economies of scale   show
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just-in-time delivery   show
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service sector   show
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show Development that meets the needs of the present without compromising the ability of future generations to meet their own needs.  
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Ecotourism   show
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UN’s Sustainable Development Goals   show
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show (1) eradicate extreme poverty and hunger, (2) achieve universal primary education, (3) promote gender equality and empower women, (4) reduce child mortality,  
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show (5) improve maternal health, (6) combat HIV/AIDS, malaria, and other diseases, (7) ensure environmental sustainability, (8) develop a global partnership for development. an *international declaration improving the living conditions *by 2015  
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Deglomeration   show
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