Unit 4 Definitions Flashcards
1
Q
Quaternary Sector
A
The knowledge based sector of the economy concerned with R and D, science and creativity.
2
Q
Agglomeration of Economies
A
The benefits which come when firms and people locate near one another in cities. Production is cheaper because of clustering.
3
Q
Location Quotient
A
A way of quantifying how concentrated a particular industry or demographic group is in a region, compared to the nation.
4
Q
Communications Infrastructure
A
The set of tools, techniques and principles that provide the foundation for the effective transfer of information between people.
