Economics Flashcards
Ancillary activities
economic activities that surround and support large-scale industries such as shipping and food service
Agglomeration
Grouping together of may firms from the same industry in a single area for collective or cooperative use of infrastructure and sharing of labor resources
Anthropocentric
Human-centered; in sustainable development, anthropocentric refers to ideas that focus solely on the needs of people without considering the creatures with whom we share the planet or the ecosystems upon which we depend
backwash effect
the negative effects on one region that result from economic growth within another region
break-bulk point
a location where large shipments of goods are broken up into smaller containers for delivery on the Internet.
Brick-and-mortar industries
traditional businesses with actual stares in which trade or retail occurs; it does not exist solely on the Internet.
Bulk gaining industries
industries whose products weigh more after assembly than they did previously in their constituent parts. Such industries tend to have production facilities close to their markets.
Bulk reducing industries
industries whose final products weigh less that their constituent parts and whose processing facilities tend to be located close to sources of raw materials
Conglomerate corporation
a firm that is comprised of many smaller firms that serve several different fucntions
Core
National or global regions where economic power, in terms of wealth, innovation, and advanced technology, is concentrated.
Core-periphery model
a model of the spatial structure of development in which underdeveloped countries are defined by their dependence on a developed core region
cottage industry
industry in which the production of goods and services is based in homes, as opposed to factories.
deglomeration
the dispersal of an industry that formerly existed in an established agglomeration
Deindustrailization
loss of industrial activity
development
the process of economic growth, expansion, or realization of regional resource potential
E-commerce
web-based economic activities
economic backwaters
regions that fail to gain from national economic development
ecotourism
a form of tourism, based on the enjoyment of scenic areas or natural wonders, that aims to provide an experience of nature or culture in an environmentally sustainable way
export-processing zone
areas where governments create favorable investment and trading conditions to attract export-oriented industries.
fast world
areas of the world, usually the economic core, that experience greater levels of connection due to high-speed telecommunications and transportation technologies
footloose firms
manufacturing activities in which cost of transporting both raw materials and finished product is not important for determining the locations of the firm
Fordism
system of standardized mass production attributed to Henry Ford
Foreign investment
overseas business investment made by private companies
gender equity
a measure of the opportunities given to woman compared to men within a given community