7.2 Economic Sectors And Patterns Flashcards
Primary sector
I districts that extract raw materials from earth or water
Secondary sector
Manufacturing or processing the raw materials
Tertiary sector
Services Including transportation and delivering of resources
Quarterly sector
Finance, insurance, real estate, lawyers. Informational services and scientific researches
Quincey sector
Management, executives, the top of the Pyramid
Base industry
Different economic Inpirtance where other Industries depend on
Semi-periphery
Countries or regions whose economic have elements of core and periphery
Break of bulk point
A location where cargo is transferred from one mode of transportation to another
Least cost theory
Alfred webers theory that transportation costs and labor costs play a strong role in determining the location of manufacturing facilities
What 5 determine the locations of manufacturing
Energy
Transportation
Labor
Raw materials
Market
What are the 3 weaknesses of the least cost theory
Doesn’t represent real world conditions
Transportation costs are less important
Doesn’t include all the factors