APHUG Flashcards
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what is wadge labor?
when people were paid for the things they produced at first, later they began getting paid for their time.
What are labor unions
People who fight for better working conditions and pay
What was the Berlin Confrence
When the Euorpeans wanted to carve up the continent of Africa. This was to exploit or extract resources like gold and silver.
what are super imposed boundaries?
When people randomly draw boarders of countries without concern of the people that live there. this often leads to ethnic tension.
what is term cost?
Costs of loading/ unloading goods and passengers
Bulk gaining
Close to market
Bulk reducing
near source of input
What is the HDI
Based on economics, healthcare, life expectancy, and education
What is GII
Gender inequality index companies data on reproductive health, empowerment, labor market participation
what is fordism
A type of mass production, assembly lines, wadge workers, increase in productivity.
what is outsourcing
placing factors in periphery to make more money and have lower pricing
Right to work
states that don’t allow unions to require membership for employment . Are pulling the remaining US manufacturing to the South and west
What are special economic zones
Places with Lower taxes, reduced minimum wadges, and reduced tarriffs
What are export processing zones
allows businesses to re export things out of their countries, allows businesses to move to other countries
what are free trade zones
places with no tarriffs Wich spurrs economic growth on countries
what is site
exact locaiton
what is situation
surrounding features that are relative to the exact location
what is imperialism
when a country extends its power and control over other countries and territories
what is colonialism
when a country or group of people take control of another country or region and exploit its resources or people
what is least cost theory?
Industry is situatied in an area were the costs of transporting raw materials and the final output is minimal.
what is dependency theory?
poor countries depend on rich countires
what are micro loans
small amounts of money that don’t need collateral that are loaded to people. they helped women start small businesses and improve standard living and gain economic power.
what is comparative advantage
an economies ability to produce a particular good or service at lower opportunity cost then its trading partners
what is complementary advantages
The actual or potential relationship between two places reffering to economic interations
