unit 6 Flashcards
Agglomeration
Agglomeration: A localized economy in which a large number of companies and industries cluster together and benefit from the cost reductions and gains in efficiency that result from this proximity.
Assembly Line
Assembly line. Arrangement of workers, machines, and equipment in which the product being assembled passes consecutively from operation to operation until completed.
Brandt Line
Brandt Line. a line that divides the North and the South. It shows the divide between the more developed regions and the less developed regions.
Break Of Bulk Points
break-of-bulk point. a location where transfer is possible from one mode of transportation to another.
BRICS/NICS
BRICs/NICs. A group of high developing countries characterized by uneven development and high economic growth.
Bulk-Gaining Industries
Bulk-Gaining Industry. An industry in which the final product weighs more or comprises a greater volume than the inputs.
Bulk-Reducing Industries
Bulk-Reducing Industry. An industry in which the final product weighs less or comprises a lower volume than the inputs.
Capital
A capital is a city where a region’s government is located. 3 - 12+ Engineering, Geography, Human Geography, U.S. History.
CFC
chlorofluorocarbons. Chlorofluorocarbons (CFCs) are nontoxic, nonflammable chemicals containing atoms of carbon, chlorine, and fluorine
Commodity Dependence
Commodity dependence: an economy that relies on the export of primary commodities for a large share of its export earnings and hence economic growth
Comparative Advantage
Comparative advantage is the ability of a firm or individual to produce goods and/or services at a lower opportunity cost than other firms or individuals.
Complementarity
Complementarity refers to the presence of a demand or deficit at one location and a supply or surplus at another without which there is no economic rationale for any movement.
Core Periphery
he core—a central region in an economy, with good communications and high population density, which conduce to its prosperity—is contrasted with the periphery—outlying regions with poor communications and sparse population (for examples, see unemployment).
Cottage Industries
Cottage industry. industry in which the production of goods and services is based in homes (not factories); specialty goods (assembled individually or in small quantities) are often produced in this manner.
Deindustrialization
Deindustrialization is a process in which the industrial activity in a country or region is removed or reduced because of a major economic or social change.
Dependency Theory
Dependency Theory: Basically, the core countries depend on the periphery for labor and raw materials while the periphery depend on the core for goods.
Developed Country
More Developed Country (MDC) also known as a relatively developed country of a developed country, a country that has progressed relatively far along a continum of development. Primary Sector.
Developing Country
Developing Country. a country in an earlier stage of development. developing implies that the country has already made some progress and expects to continue. ( LDC)
Dual Economies
Dual Economy. The existence of two separate economic sectors within one country, divided by different levels of development, technology, and different patterns of demand. Extensive Agriculture.
Economic Sectors
Economic sectors. Comprised of 4 sectors (primary, secondary, tertiary, and quaternary.)
Economics of Scale
Economies of Scale. Def: The savings in cost per unit due to increasing the level of production (think Fordism).
Ecotourism
ECOTOURISM: Definition. Tourism that doesn’t harm environment + benefits local people. Usually a small-scale activity with small number of visitors in area at a time.
Export Processing Zones
Explanation: Export-processing zones are areas found in many regions of the developing world. They provide incentives for foreign companies to conduct their business in developing regions.
Fair Trade
Fair trade is a concept used in developing countries to help create sustainability.
Fordism
Definition. Fordist Production. Mass production in which each employee is given a specific task to continuously perform.
Formal Sector
A group of people, usually employees, that includes recognized income sources for paying income taxes based on all 40-hour, regular wage jobs.
Fossil Fuels
Fossil fuels are made from decomposing plants and animals.
Free Trade Zones
Free Trade Zone (FTZ) -A duty-free and tax-exempt industrial park created to attract foreign corporations and create industrial jobs.
Gender Development Index
The Gender-related Development Index (GDI) is an index designed to measure of gender equality.
Gender Inequality Index
Gender Inequality Index. includes empowerment, labor, and reproductive health, Africa, South Asia, Central Asia, and Southwest Asia with highest GII’s.
Greenhouse Effect
The greenhouse effect is the name given to the natural process that causes the Earth to be warmer than it would be in the absence of an atmosphere.
Gross Domestic Product
Gross Domestic Product (GDP) The value of the total output of goods and services produced in a country in a given time period (normally 1 year) Human Development Index (HDI) Indicator of level of development for each country, constructed by United Nations, combining income, literacy, education, and life expectancy.
Gross National Income
gross national income (GNI) calculates the monetary worth of what is produced within a country plus income recieved from investments outside the country.
Gross National Product
The Gross National Product is one of the most widely used and quoted statistics in economic geography, particularly in popular parlance.
Growth Poles
Definition of Growth Pole: GROWTH POLE REFERS to the concentration of highly innovative and technically advanced industries that stimulate economic development in linked businesses and industrie
Housing Bubble
housing bubble. definition: a rapid increase in the value of houses followed by a sharp decline in their value.