Unit 3 Definitions Flashcards
Tertiary Sector
The sector of the economy focused on the provision of services.
Redevelopment
Restoring an area by replacing derelict or unused buildings, and rebuilding areas.
Regeneration
The reversal of decline by making long term upgrades for an area, to create long term change.
Re-urbanisation
The movement of people back into urban areas who have previously experienced out migration, attracting more affluent members of society.
Gentrification
The displacement of working class populations in an area, as a more affluent population move in.
Local multiplier effect
The additional economic benefit from money being spent for every new job created.
Out of Town Developments
Shopping centres being built in areas of towns/cities where there is free parking, and other amenities.