Economic Activity and Energy Flashcards

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1
Q

Sectoral shift

A

The gradual change from an economy based on primary sectors, to one based on secondary to an economy based on tertiary and quaternary industry.

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2
Q

Transnational company (TNC)

A

A business which operates on a global scale in multiple countries

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3
Q

Energy gap

A

The difference between the demand for energy, and the supply of it. The gap is made worse by the phasing out of fossil fuel use.

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4
Q

Time-space compression

A

Faster connections for goods/information made possible through tech and transport

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5
Q

Deindustrialization

A

The loss of a manufacturing base in a region/country. Manufacturing often moves to areas where labour and land costs are cheaper.

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6
Q

Gross Domestic Product (GDP)

A

The total value of the output of all economic activity in a nation, including goods and services.

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7
Q

Global shift

A

the movement of manufacturing from HICs to cheaper production locations in LICs

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8
Q

Decentralisation

A

When industries and people relocate outwards from the urban centre.

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9
Q

CBD

A

The centre of the city where retail and office activities are clustered

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10
Q

Cycle of Poverty

A

Barriers that cause poor families to become trapped in poverty for generations

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11
Q

A country with a dominant primary sector

A

Ethiopia

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12
Q

A country with a dominant secondary sector

A

China

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13
Q

A country with a dominant tertiary sector

A

UK

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14
Q

Specific examples of Developed Countries

A

i.e Sweden, Germany, U.K, New Zealand

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15
Q

Specific examples of Emerging Countries

A

i.e Mexico, Brazil, South Africa, China, India

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16
Q

Specific examples of Developing Countries

A

Democratic Republic of Congo, Ethiopia, Pakistan, Bangladesh

17
Q

energy surplus

A

When a country or region has more than enough sources of power for its needs and is able to export its excess power to other countries

18
Q

energy deficit

A

When a country or region does not have enough energy resources for its needs and has to import it from other countries

19
Q

Energy security

A

a country’s ability to secure all its energy needs

20
Q

Malthus’s Theory of population vs resources

A

population will grow too fast and food supply won’t catch up

21
Q

Boserup’s Theory of population vs resources

A

population increase will cause humans to ‘invent’ their way out of the problem - i.e come up with new ways to stimulate food production

22
Q

Club of Rome theory on population vs resources

A

there are ‘limits to growth’ - population and overall development of countries (i.e GDP) will decline in next 100 years if continue at current rates of growth - i.e unless more sustainable approach taken

23
Q

Benefits of Informal sector

A
  • Provide employment for poorest people
  • create cheap services for people who might not be able to afford them (i.e rickshaws = informal = cheap transport)
24
Q

Negatives of Informal sector

A
  • No regular income - can fluctuate
  • No healthcare or employment benefits (i.e pensions).
  • Often unsafe working conditions.
25
Q

Developing city with high % in informal sector

A

Dhaka, Bangladesh

26
Q

Cause of growing informal sector in developing cities

A

Rural-urban migration = too many people for number of formal jobs = underemployment / low wages = people forced to find alternatives to making money

27
Q

tertiarization

A

A shift from the primary and secondary sectors to the tertiary sector.

28
Q

Political factor for changes in sector employment

A

Governments investing in certain sectors (i.e UK investing in quaternary sector e.g agri-technology investment)

29
Q

Technological factor for changes in sector employment

A
  • Mechanization can lead to reduced need for labour (in agriculture or secondary)
  • Containerization = easier to ship goods around the world = can move to areas with cheaper labour
30
Q

Containerization

A

The transporting of goods in standard-sized shipping containers.

31
Q

How has growth of internet caused growth in service sector?

A

New services connected to it - i.e broadband providers, website designers

32
Q

Friction of distance

A

idea that it is more difficult to travel longer distances; the greater the distance, the greater the difficulty (‘friction)

33
Q

What reduces ‘friction of distance’

A

Improvements in technology - i.e mobile phones / internet but also transport (aeroplanes, container ships)

34
Q

Employment structure

A

how the workforce is divided up between the three main employment sectors - primary, secondary, and tertiary