Single-Industry Towns Flashcards
What is a single-industry town?
a town that relies on only 1 kind of industry for economic stability and success
Name an example of a single-industry town?
Flint, Michigan
What kind of product is usually exploited in a single-industry town?
A natural resource
How many companies usually work in a single-industry town?
One or two
Is a single-industry town usually close or far from urban agglomerations?
FAR
How does the economy affect single-industry towns?
The economy has a HUGE impact on these towns
What would it mean if the industry in a single-industry town closed down?
The whole town would close down (this happened in Gagnon, Quebec)
What phenomenon are these towns at risk for?
DEVITALIZATION
What can help with the risks of closure in a single-industry town?
DIVERSIFICATION of economic activities