Lesson 7 Flashcards
What is the multiplier effect?
One positive thing can lead to another
What is a growth pole?
An area with a concentration of highly innovative and technically advanced industries that stimulates economic development
Where is Berkshire?
South of England, West of London
What does the IMD data show about Berkshire?
0.4% are deprived
Only 5 partners less than 1% deprived
(There are some deprived people, overall they are least deprived)
What does immigration show about Berkshire?
over 60% are workers are students who bring money into economy
1% asylum seekers - putting strain on services (can’t work)
What does the physical geography show about Berkshire?
Most land is in good quality for development
Most land is flat good for development
What does the connections show about Berkshire?
M4 Motorway runs along Berkshire
M25 gives access to London
Heathrow airport close
Train network
What do employee rates show about Berkshire?
in 2008, the national office of statistics found over half of people were in employment
estimated that Berkshire will need 70,000 workers by 2020
What do property prices show about Berkshire?
Due to demand the country has some of the most expensive in the uk
From 2005-15 house prices risen from 40-50%
6 bedroom properties cost £2 million
What does employment types show about Berkshire?
High rates of employment
good location for commuting
Towns such as Readington host major ICT companies such as Microsoft
Other towns host big TNC’s such as BMW and O2
What happens when a new industry enters/expands an existing firm? (2)
More jobs created
Linked industries attached
What does employment cause?
more trained workers
What effect does trained workers have?
Demand for services increase
What effect does a demand for services have?
immigration (population rises)
What effect does a bigger population have?
more spending, more tax revenue
