unit 3 vocab quiz 1 Flashcards
major technical advancements that transformed the economy from agricultural to industrial
industrial revolution
when a country extends their power or influence through diplomacy or military force to control other territories
imperialism
taking something that doesn’t have value and adding value to it
commodification
the gathering of raw materials
primary sector
the processing of raw materials
secondary sector
the moving, selling, and trading of products
tertiary sector
knowledge based activity such as research, education, information, and technology
quaternary sector
the highest levels of decision making in an economy. such as government officials or top executives
quinary sector
the greater the distance between two places, the more difficult and expensive it is to move or interact between them
friction of distance
transportation, labor, and agglomeration used to determine the most profitable location for an industrial location
least cost theory
when a group of industries cluster for mutual benefit. they share things like services and facilities
agglomeration
when excessive agglomeration offsets become too crowded and negatively affects the industries
deglomeration
substituting one factor of production for another
substitution principle
industries that produce goods that are heavier or bulkier than the raw materials used to make them (locate closer to markets)
weight/bulk gaining (market oriented)
industries that produce goods that are lighter or less bulky than the raw materials used (locate closer to source of raw materials)
weight/bulk losing (resource oriented)
