Chuchla Flashcards
what is regeneration
redeveloping former industrial areas or outdated housing to bring about economic and social change
What is rebranding
Ways in which a place is deliberately reinvented for economic reasons and then marketed using its new identity to attract new investors
what is the spiral of decline?
when an area gets worse over time, starting with job losses. This leads to less money, fewer people, and poorer services, making the area decline even more.
what is cumulative causation?
A process triggered by new industry which attracts employees and supporting companies such as those involved with supplies, infrastructure and leisure.
what does the Clarke Fischer model show
the percentage of people in different sectors of employment over time
What does Spearmans Rank show?
The correlation between two variables (if there is one)
What is an administrative function of a place
Places that make decisions aqbout how to organise infrastructure and economic activity for the surrounding areas
What is a commercial function of a place?
A location with strong business influence i.e TNC’s may be based here
What is a retail function of a place
An urban area with attractive retail facilities
What is an industrial function of a place?
A location whose economy and reputation is predominantly based on its industrial capacity
What is the northern powerhouse?
The governments vision for a super connected, globally competitive northern economy with a flourishing private sector, a highly skilled population + world renound civic and business leadership
What is deregulation
the reduction in rules which means that any foreign business can set up in the UK
