Regenerative Places Flashcards
What is quinary sector
High levels of decision making in an economy. Top levels in companies and governments.
What are the 5 economic sectors?
Primary, secondary, tertiary, quaternary, quinary
What is place In terms of regeneration?
Geographical spaces shaped by individuals and communities over time
What is Regeneration?
Long term upgrading of existing places or more drastic renewal schemes for urban, residential, retail, industrial, and commercial areas as well as rural areas.
What financial motives do people have for setting up business?
Profit maximisation:
- To make as much profit as possible
- Profit = sales revenue – total costs
Profit satisfying:
- To make enough profit to be satisfied but not be purely
motivated by profit
- May profit satisfy to maintain a work life balance
What non financial motives do people have for setting up business?
- Ethical stance
- social entrepreneurship
- independence
- homeworking
