Unit 4 Flashcards
What is the quaternary sector?
The knowledge based sector and it employs approximately 1/10th of UK’s workforce.
What is the Location Quotient (LQ)?
it is a valuable way of quantifying how concentrated a particular industry or demographic group is in a region, compared to the nation.
What is the LQ formula?
Regional Total Employment
___________________________________
State Total Employment
What is the LQ of Cambridge?
2.15 - compared to Birmingham’s 0.84.
Who established the Cambridge Science Park and when did the first company move there?
Trinity College - part of Cambridge and the Council. The first company was Laser Scan, in 1973.
What is an agglomeration of economies?
Mixture of economies.
What are the house prices in Cambridge? What factors may have played a role?
£420,000 compared to the average in England and Wales.
Factors:
• Highly paid jobs leads to higher wealth in area.
• Close to education systems, more expensive.
• High demand for housing - prices rise.
What are the unemployment rates in Cambridge?
2.2% compared to the English average of 4.8%
Winners and Losers of Cambridges economic growth?
Winners
Eco - Job Opportunities for both high and low skilled workers. Big corporations can sell to higher affluent people. Local gov & businesses.
Soc - More affluent pop. and more opportunities. More investment into education causes better education and higher skilled pop.
Low levels unemployment
Env - N/A
Losers
Eco - Recruitment issues may become apparent.
Soc - Long-Term working class residents, First time buyers, low earners.
Env - Air quality between 2000-15 traffic levels increased by 15%.
What is the Spearman’s rank?
Correlation (a statistical measure that indicates the extent to which two or more variables are related)
What is -1 on a spearmans rank?
Perfect Negative correlation
What is 1 on a Spearman’s rank?
Perfect positive correlation
What is 0 on the Spearman’s rank?
No correlation
