concepts test Flashcards
Site
Exact location of a city
Situation
The location of a place relative to other places 
bulk reducing industry
Make products that wave less after assembly than before assembly
Bulk gaining industry
Make products that weigh more after assembly than before assembly
Break of bulk point
The name given to an economic center where a manufactured product is assembled, and then separated into various shipments, ready to be transported to a wide range of markets
Just in time delivery
A method of managing inventory that provides product only as they are needed rather than storing them
Outsourcing
Process of moving industrial production or service industries to external facilities or organizations often out of the country
maquiladoras
Export processing cities that exist in northern Mexico, close to the border with the US
Fordist production
A form of mass production in which each worker is assigned one specific task to perform repeatedly
post fordist production
The idea that modern industrial production has moved away from mass production and huge factories as pioneered by Henry Ford towards specialized markets based on small flexible manufacturing units 
Developed country
nation with a high standard of living, advanced, technological, infrastructure, and well established industries
developing countries
Nations that are less industrialized and have lower per capita income levels compared to developed countries
The human development index (HDI)
Measures the status of life in any given place based off of life, expectancy, education, levels, and income per capita
Gross national income per capita (GNI)
Total income generated by a country’s residence, including domestic and international sources divided by the population
Gross domestic product (GDP)
total accounting of a nations output, including all revenues and profits
purchasing power parity (PPP)
The amount of money needed in one country to purchase the same goods and services in another country
Primary
anything to do with the harvesting or mining of raw materials
Secondary
The sector of the economy that revolves around manufacturing
Tertiary
anything that has to do with the scale or exchange of goods 
Quinary
Organization structures, such as government organizations, public services, healthcare, and education
quaternary
generation of knowledge and sharing of research are associated with this economic activity. Examples of this are teaching, tourism and customer service.
Gender inequality index (GII)
A measure of the extent of each countries, gender inequality
World Trade Organization (WTO)
Organization that creates policies on global trading