Flows Of Services Flashcards
1
Q
What are services?
A
Economic activities that are traded without production of material goods.
Eg insurance companies.
2
Q
High level services.
A
Finance.
Investment.
Advertising.
3
Q
Low level services.
A
Banking.
Travel and tourism.
Custer call centres.
4
Q
What do banking, insurance and advertising depend on ?
A
Communication and transfer of information.
Footloose - locate anywhere / technology helps.
5
Q
Where are high level services concentrated?
A
London.
New York.
Tokyo.
6
Q
What cities have grown in important?
A
Tiger countries.
Frankfurt
7
Q
Where have low level services went to?
A
Due to decentralisation they have went from HICs to LICs.
Call centres in India - costs lower
