Unit 1 Definitions Flashcards
1
Q
Primary Industry
A
The extraction of agriculture/raw materials.
2
Q
Secondary Industry
A
Manufacturing Raw materials into finished goods.
3
Q
Tertiary Industry
A
Retail, Hospitality.
4
Q
Quaternary Industry
A
Research and Development, Science.
5
Q
LEDC
A
Less Economically developed country.
6
Q
NIC
A
Newly industrialised Countries.
7
Q
MEDC’S
A
Most Economically developed countries.
8
Q
MNC
A
Multi-national corporation.
9
Q
Globalisation
A
The process of increasing interconnectivity and interdependence among countries and economies of the world.
10
Q
De-Industrialisation
A
The Process by which there is a decline in the manufacturing industry.
