Industry 11

Question 1

Agglomeration industry

Answer 1

The term agglomeration is an economic term used to refer to the phenomenon of firms being located close to one another. There are a number of components we’ll explore later in this lesson, but for now just remember that agglomeration relates to clusters of population or business activity

Question 2

Assembly line

Answer 2

a series of workers and machines in a factory by which a succession of identical items is progressively assembled

Question 3

Break of bulk

Answer 3

the extraction of a portion of the cargo of a ship or the beginning of the unloading process from the ship’s holds

Question 4

Brownfield

Answer 4

The term applies more generally to previously used land or to sections of industrial or commercial facilities that are to be upgraded. Brownfield land is an area of land previously used or built upon, as opposed to greenfield land, which has never been built upon

Question 5

Bulk gaining industry

Answer 5

Where materials come out more bulky after manufacturing

Question 6

Bulk reducing industry

Answer 6

Where material comes out less bulky after manufacturing

Question 7

Capitol

Answer 7

Capital refers to financial assets or their financial value (such as funds held in deposit accounts) as well as the tangible factors of production including machinery and production equipment used in environments such as factories and other manufacturing facilities

Question 8

Complimentary

Answer 8

given or supplied free of charge

Question 9

Cottage industry

Answer 9

Goods produced in ones home

Question 10

Deindustrialization

Answer 10

Decline of manufacturers

Question 11

Export processing zone

Answer 11

set up generally in developing countries by their governments to promote industrial and commercial exports

Question 12

Footloose industry

Answer 12

Footloose industry is a general term for an industry that can be placed and located at any location without effect from factors such as resources or transport.

Question 13

Fordism

Answer 13

One person in manufacture does all steps in a product

Question 14

Growth pole

Answer 14

Growth centers are related to the concept of agglomeration. In many ways the American work on growth centers is virtually independent of Perroux and the French literature on growth poles. Albert Hirschman uses the term polarization to refer to the negative impact of a growth pole on surrounding regions

Question 15

Industrial inertia

Answer 15

describes a stage at which an industry prefers to run in its former location although the main alluring factors are gone. For example, the raw material source is depleted or an energy crisis has emerged

Question 16

Industrial revolution

Answer 16

Manufacturing begins to be used in an area

Question 17

Infrastructure

Answer 17

the basic physical and organizational structures and facilities (e.g., buildings, roads, and power supplies) needed for the operation of a society or enterprise.

Question 18

Economics of scale

Answer 18

a proportionate saving in costs gained by an increased level of production.

Question 19

Labor intensive

Answer 19

Industry puts Most of their money into paying employees

Question 20

Weber’s least cost theory

Answer 20

Leaning heavily on work developed by the relatively unknown Wilhelm Launhardt, Alfred Weber formulated a least cost theory of industrial location which tries to explain and predict the locational pattern of the industry at a macro-scale. It emphasizes that firms seek a site of minimum transport and labor cost.

Question 21

Location theory

Answer 21

Location theory, in economics and geography, theory concerned with the geographic location of economic activity; it has become an integral part of economic geography, regional science, and spatial economics. Location theory addresses the questions of what economic activities are located where and why

Question 22

Manufacturing region

Answer 22

A region in which manufacturing activities have clustered together. The major US industrial region has historically been in the Great Lakes (Illinois, Indiana, Ohio, New York, and Pennsylvania) Industrial regions also exist in SE Brazil, Central England, around Tokyo, Japan, and elsewhere.

Question 23

Market oriented

Answer 23

Industry stays near market

Question 24

Mass production

Answer 24

Making a lot of a product

Question 25

Out sourcing

Answer 25

Moving industries to new regions that make more sense

Question 26

Primary industry

Answer 26

industry, such as mining, agriculture, or forestry, that is concerned with obtaining or providing natural raw materials for conversion into commodities and products for the consumer

Question 27

Material orientation

Answer 27

Industry being by material