Unit 7 Vocab Word Scramble
|
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
| Term | Definition |
| agglomeration | the tendancy of enterprises in the same industry to cluster in the same area |
| break-of-bulk point | location where it is more economical to break raw materials into smaller units beofre shipping them further |
| bulk-gaining industry | industry in which the finished goods cost more to transport than the raw materials |
| bulk-reducing industry | industry in which the finished foods cost more to transport than the raw materials |
| 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 |
| comparative advantage | the relative cost advantage a country or organization has to produce certain goods or services for trade |
| 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 |
| cottage industry | preindustrial form of manufacture in which members of families spread out through rural areas worked in their homes to make goods |
| deindustrialization | process by which a country or area reduces industrial activity, particularly in heavy industry and manufacturing |
| 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 |
| dual economy | economies wih two distinct distributions of economic activity across economic sectors |
| ecotourism | form of tourism based on the enjoyment of natural areas that minimizes the impact of the enviroment |
| 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 |
| fordism | highly organized and specialized system for industrial production that focuses on efficency and productivity in mass production named after Henry Ford |
| formal sector | businesses, enterprises, and other economic activities that have government supervision, monitering, and protection, and are also taxed |
| 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 |
| gender development index (GDI) | a measure that calculates gender disparity in the three basic demensions of human development: health, knowledge, and standard of living |
| gender inequality index (GII) | a measure that calculates inequality based on three categories: reproductive health, empowerment, and labor-market participation |
| 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 |
| 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 |
| 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 |
| 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 |
| human development | the process involved in the improvement of poeple's freedoms, rights, capabilites, choices, and material conditions |
| 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 |
| 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 |
| 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 |
| industrialization | the process in which the interaction of social and economic facotrs causes the development of industries, on a whole scale |
| industry | any economic activity using machinery on a large scale to process raw materials into products |
| informal sector | any part of a country's economy that is outside of government monitering or regulation; sometimes called the informal economy |
| internation division of labor | a pattern of production and labor in whic different countries are engaged in distinct aspects of production |
| 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 |
| 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 |
| 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 |
| microloan | a very small-short term loan with low interest intended to help people in need |
| 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 |
| neoliberism | belifs that favor free-market capitalism in which trade has no constraints from government |
| off shore outsourcing | the condition when one or more aspects of production moves to an organization in another country |
| 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 |
| post-industrial economy | an economic pattern marked by predominant tertiary sector employment with a good share of quaternary and quinary jobs |
| quaternary sector | an economic sector that is a subset of tertiary sector activities that requires workers to process and handle information and enviromental technology |
| 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 |
| raw materials | any metals, wood, or other plant products, animal products, or other substances that are used to make intermediate or finished goods |
| secondary sector | economic sector associated with the production of goods from raw materials; includes manufacturing, processing, and construction |
| 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 |
| 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 |
| 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 |
| women empowerment | women's options and access to participate fully in the social and economic sphers of a society |
| 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. |
| 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. |
Created by:
Amelia987
Popular AP Human Geography sets