People help Flashcards

Understand

1
Q

Industrial Revolution

A

Series of Improvements in industrial Technology that transform the process of manufacturing goods

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2
Q

Imperialism

A

Policy of extending a countries power And influence through Diplomacy or Military force

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3
Q

Assembly line

A

Production method that breaks down A complex job into a series Of smaller tasks

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4
Q

Fordism

A

Form of mass production in which Each worker is assigned One specific task to perform Repeatedly

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5
Q

Substitution principle

A

Replace one factor of production with another to save costs; typically replace a worker with a machine

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6
Q

Post fordism

A

Increased automation on the assembly line requires workers who are not replaced to perform many jobs

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7
Q

Primary sector

A

The part of the economy that draws raw material from the natural environment

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8
Q

Secondary sector

A

The part of the economy that transforms material into manufactured goods

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9
Q

Tertiary sector

A

The part of the economy that involves services rather than goods

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10
Q

Quaternary sector

A

Includes the highest level of decision-making in a society or economy

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