Key Words Flashcards
Regeneration
Investment in an area to make it nicer and gain more future investment and draw people in.
Primary sector
Raw materials, farming, mining
Secondary sector
Manufacturing and processing
Tertiary sector
Service sector, tourism, banking, MOST POPULAR
Quaternary sector
High tech research and design
Quinary
Knowledge management, consultancy
Ethnic composition
Information about the ethnic characteristics of a group of people.
Demographics
People and population
Two tier economy
One group of worker earn more money then another group.
Spiral of decline
Factory shuts due to global shift, people lose jobs, people leave area, no investment, shops shut, vandalism.
Political apathy
People accept the conditions they find themselves in but feel powerless to do anything about it.
Infrastructure
Roads, airports, trains, buildings.
Fracking (hydraulic fracturing)
Extracting oil or gas by injecting water, sand and chemicals into the ground to force cracks open and obtain the resources.
Re-imaging
The area is advertised with a new packaging/image to change people’s impression.
Cumulative causation
Opposite of the spiral of decline- multiplier effect, expansion of an industry causing expansion in other industries.