Unit 5 (economic sectors and patterns *2) Flashcards
1
Q
Least cost theory
A
Theory used to predict the location of a factory (cost of transportation, cost of labor and agglomeration)
2
Q
Weight losing
A
Raw materials cost more than the good (factories near raw materials)
3
Q
Weight gaining
A
Good costs more than the raw materials (factories near place sending the good to)
4
Q
Break of bulk points
A
Locations where modes of different transportation meets
5
Q
Low wages
A
Depending on the country, salaries differ
6
Q
Agglomeration
A
Put a factory near other factories (share things)
