lesson 3- patterns of production

Question 1

what are conglomerates?

Answer 1

a collection of different companies or organisations that all report to one parent company- e.g. most TNCs

Question 2

what are economies of scale?

Answer 2

cost advantages of being a larger organisation
e.g. buying in bulk is cheaper

Question 3

what is a maquiladora?

Answer 3

a manufacturing operation/factory/plant located in a free zone in Mexico
-they import raw materials and export the final product without any trade barriers

Question 4

what is the international division of labour (IDL)?

Answer 4

two sides:
1-highly skilled+ paid
-developed economies
-usually tertiary+quaternary sectors
2-unskilled+ low pay
-in developing economies
-usually primary+secondary sectors
-

Question 5

what is the shift of manufacturing jobs?

Answer 5

from HICs -> LICs/NEEs due to cheaper costs
from the 4 Asian Tigers-> BRIC -> MINT

Question 6

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