Chapter Eleven, Industry and Energy Flashcards
Cottage Industry
Home-based manufacturing. Most common prior to the Industrial Revolution.
Site Factors
Industrial location factors related to the costs of factors of production inside a plant. The three production factors that may vary among locations are labor, capital, and land.
Labor-Intensive Industry
An industry in which wages and other compensation paid to employees constitute a high percentage of expenses.
Fordist Production
A form of mass production in which each worker is assigned one specific task to perform repeatedly.
Post-Fordist Production
Adoption by companies of flexible work rules, such as the allocation of workers to teams that perform a variety of tasks.
Situation Factors
Location factors relating to the transportation of materials into and from a factory.
Bulk Reducing Industry
An industry in which the inputs weigh more than the final products.
Bulk Gaining Industry
Makes something that gains volume or weight during production.
Break of Bulk Point
A location where transfer among transportation modes is possible.
Just-In-Time Delivery
Shipment of parts and materials to arrive at a factory moments before they are needed.
Supply
The quantity of something that producers have available for sale.
Demand
The quantity that people wish to consume and are able to buy.
Animate Power
Power supplied by animals or by people themselves.
Fossil Fuel
An energy source formed from the residue of plants and animals buried millions of years ago.
Non-Renewable Energy
Fossil fuels that have finite supplies capable of being exhausted.
Proven Reserve
The supply of energy remaining in deposits that have been discovered.
Potential Reserve
The supply in deposits that are undiscovered but thought to exist.