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AP Human Geography Unit 7 Vocab Ch 18-20

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Term
Definition
agglomeration   the tendancy of enterprises in the same industry to cluster in the same area  
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break-of-bulk point   location where it is more economical to break raw materials into smaller units beofre shipping them further  
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bulk-gaining industry   industry in which the finished goods cost more to transport than the raw materials  
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bulk-reducing industry   industry in which the finished foods cost more to transport than the raw materials  
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commodity dependence   an aspect of dependence theory that occurs when more than 60% of a country's exports and economic helath are tied to one or two resources  
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comparative advantage   the relative cost advantage a country or organization has to produce certain goods or services for trade  
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complementarity   the mutual trade relationship that exists between two places based on the supply of raw materials and the demand for finished products or services  
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cottage industry   preindustrial form of manufacture in which members of families spread out through rural areas worked in their homes to make goods  
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deindustrialization   process by which a country or area reduces industrial activity, particularly in heavy industry and manufacturing  
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dependancy theory   a theory that descries the development challenges and limitations faced by poorer countries and the political and economic relationships poorer countries have richer countries  
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dual economy   economies wih two distinct distributions of economic activity across economic sectors  
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ecotourism   form of tourism based on the enjoyment of natural areas that minimizes the impact of the enviroment  
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export processing zone (EPZ)   an area within a country that is subject to move favorable regulations (usually including the elimination of tariffs) to encourage foreign investment and the manufacturing of goods for export  
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fordism   highly organized and specialized system for industrial production that focuses on efficency and productivity in mass production named after Henry Ford  
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formal sector   businesses, enterprises, and other economic activities that have government supervision, monitering, and protection, and are also taxed  
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free trade zone (FTZ)   a relativly large geographicals area within a country in which buissnesses pay few or no tariffson goods to encourage or facilitate its role in international trade  
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gender development index (GDI)   a measure that calculates gender disparity in the three basic demensions of human development: health, knowledge, and standard of living  
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gender inequality index (GII)   a measure that calculates inequality based on three categories: reproductive health, empowerment, and labor-market participation  
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gross domestic product (GDP)   the total value of the goods and services produced by a country's citizens and companies both domestically and internationally in a year  
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gross national income (GNI) per capita   the total value of goods and services globally produced by a country in a year divided by the countries population  
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gross national product (GNP)   the total value of the goods and services produced by a country's citizens and companies both domesticallyand internationally in a year  
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growth pole   a place of economic activity clustered around one or more high-growth industires that stimulate economic gain by capitalizing on some special asset  
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human development   the process involved in the improvement of poeple's freedoms, rights, capabilites, choices, and material conditions  
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human development index (HDI)   a measure that determines the overall development of a country by incoporating 3 key demensions of human development: life expectancy at birth, acess to education, (expected and mean years of schooling), and standard of living measured by GNI per capita  
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industrial park   a collection of manufacturing facilities in a particular area that is typically found in suburbs and is located close to highways to facilitate movement of raw materials and finished products  
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industrial revolution   the radical change in manufacturing methods that began in Great Britain in the mid-18th century and was marked by the shift from small-scale, hand crafted muscle-powered production to power-driven mass production  
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industrialization   the process in which the interaction of social and economic facotrs causes the development of industries, on a whole scale  
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industry   any economic activity using machinery on a large scale to process raw materials into products  
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informal sector   any part of a country's economy that is outside of government monitering or regulation; sometimes called the informal economy  
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internation division of labor   a pattern of production and labor in whic different countries are engaged in distinct aspects of production  
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just-in-time delivery   a system in which goods are delivered as needed so that companies keep in inventory only what is needed for near-term production  
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labor market parcipitation (LMP)   rate that measures an economy's active labor force, calculated by taking the sum of all employed workers divided by the working age of the population  
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least cost theory   industrial location theory proposed by Alfred Weber suggesting that buissnesses locate their facilities in a particular place that location minimizes the cost of production  
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microloan   a very small-short term loan with low interest intended to help people in need  
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multipier effect   the economic effet in which a change creates a larger change, such as when a new manufacturing plant grows the economy by giving rise to more related jobs and services  
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neoliberism   belifs that favor free-market capitalism in which trade has no constraints from government  
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off shore outsourcing   the condition when one or more aspects of production moves to an organization in another country  
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post-fordism   system focused on small-scale batch production for a specialized market and flexibility that allows for a quick response to changes in the market  
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post-industrial economy   an economic pattern marked by predominant tertiary sector employment with a good share of quaternary and quinary jobs  
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quaternary sector   an economic sector that is a subset of tertiary sector activities that requires workers to process and handle information and enviromental technology  
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quinary sector   economic sector that is a subset of quaternary sector; involves the very top leaders in government, science, universities, nonprofits, health care, culture, and media  
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raw materials   any metals, wood, or other plant products, animal products, or other substances that are used to make intermediate or finished goods  
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secondary sector   economic sector associated with the production of goods from raw materials; includes manufacturing, processing, and construction  
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special economic zone (SEZ)   an area within a country that offers more favorable economic regulations (such as tax benefit or no tariffs) to attract foriegn businesses  
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stages of economic growth   a model that suggests that all countries can be categorized on a spectrum from traditional to modern, countries need to pass through distinct stages of economic growth in succession  
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tertiary sector   an economic sector that includes a host of activities that involve the transport storage, marketing, and selling of goods or services also called the service sector  
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women empowerment   women's options and access to participate fully in the social and economic sphers of a society  
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economic sector   collection of industries engages in similar economic activities based on the creation of raw materials, the production of goods provision of services, or other activities.  
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primary sector   economic secotr associated with removing ro harvesting products from the earth; includes agriculture, fishing, forestry, mining, or quarrying, and extracting liquids or gasses.  
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