Economic Development + Economic Industry

Question 1

What does development mean

Answer 1

The growth or improvement of the social and economic aspects of a country

Question 2

What is the GNP per capita

Answer 2

The sum of value added by all residents, producers and any product taxes

Question 3

What is Literacy

Answer 3

The percentage of people who are able to read + write vs those who can’t

Question 4

What is life expectancy

Answer 4

The average period that person may expect to live for

Question 5

What is the HDI

Answer 5

Ranks countries for human development e.g life expectancy, education per capita etc.

Question 6

What is the secondary sector

Answer 6

This is the manufacturing and assembly process. It involves converting raw materials into components like making plastics from oil.

Question 7

What is the tertiary sector

Answer 7

Commercial services that support the production and distribution process

Question 8

What is globalisation

Answer 8

Is the process by which the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange

Question 9

Give some causes of globalisation

Answer 9

Ease of transport
Global brands
Slave trade
Empires
Shipping containers

Question 10

Give some pros of globalisation

Answer 10

Increases cultural awareness 
Broadens access to goods and services
Information + technology spread more easily
Greater trade
Aid overseas

Question 11

Give some cons of globalisation

Answer 11

Cyber crime
Air-Travel pollution
Spread of diseases
Human trafficking
Global warming
Local businesses outcompeted

Question 12

What is a TNC

Answer 12

A company that operates in more than one country to produce + sell products and services

Question 13

How have TNC’s contributed to the economy of countries

Answer 13

Transport links bring tourism and income to new parts of the world

Question 14

How have TNC’s helped socially

Answer 14

Internet + social media help people connect

Spreading of values

Brands influence people

Question 15

What is Glocalisation

Answer 15

The production of a global good that is adapted to the local market

Question 16

Give some advantages of using a triangular graph

Answer 16

Plot 3 variables
Compare them
See clusters of countries

Question 17

Give some disadvantages of triangular graphs

Answer 17

Hard to read
Maximum of 3 variables
Percentages only

Question 18

How are transport links important for Industrial location

Answer 18

Enables staff to easily get to work
Supplies quickly + cheaply brought in
Accessible by customers

Question 19

How are raw materials important for industrial location

Answer 19

Closer you are, reduces cost

Question 20

How is labour important for industrial location

Answer 20

Situated near skilled, cheap labour

Generally in Urban areas

Question 21

How is water supply important for industrial location

Answer 21

Needed for workforce
Needed for secondary industries
36,400 litres = 1kwh electricity

Question 22

How is the site important for industrial location

Answer 22

Flat
Adequate transport facilities
Large area needed

Question 23

Give some examples of jobs in the Informal Sector

Answer 23

Busking
Begging
Fake jewellery
Fruit stalls
Shoe poloshing

Question 24

What is the Informal Sector

Answer 24

Includes jobs that are not taxed or maintained by the government. It is not included in the GNP and GDP of a country. The people are usually self-employed, have irregular economies and don’t pay tax.

Question 25

Give some inputs that affect the industrial location snd sitting

Answer 25

Labour - Where people are keen to learn and few restrictive employee laws

Land - Large flat land needed

Globalisation - Works in multiple countries so less venerable to problems (strikes)

Raw Materials - Used tot be close to steel mines to reduce transport cost but the market location is now more important.