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AP Geography > Unit 7 > Flashcards

Unit 7 Flashcards

1
Q

Export processing zones (EPZs)

A

Areas within developing countries that offer incentives and a barrier free environment to promote economic growth by attracting foreign investment for export oriented production.

Attracting outside businesses to come for export production.

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2
Q

Post fordist production

A

System focused on small scale, batch production for a specialized market and flexibility that allows for a quick response to change in the market.

Small scale, production with specialize market.

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3
Q

Footloose industry

A

An industry that can be placed in located at any location without effect from factors, such as resources or transport.

An industry that can be located anywhere.

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4
Q

Fordist production

A

Form of mass production in which each worker is assigned, one specific task to perform repeatedly.

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5
Q

Interdedence

A

A relationship between countries in which they rely on one another for resources, goods, or services.

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6
Q

International division of labor

A

The process, where are the assembling procedures for a product or spread out through different parts of the world.

Assembling something to be exported.

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7
Q

Least cost theory

A

Model developed by Alfred Weber, according to which the location of manufacturing establishments is determined by the minimization of three critical expenses: labor, transportation, and agglomeration.

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8
Q

Microloan

A

A very small, short term loan often associated with entrepreneurs in developing countries.

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9
Q

Multiplier effect

A

The economic affect in which a change creates a larger change, such as win a new manufacturing plant grows the economy, giving rise to more related jobs and services.

The economy multiplies, because of an economic affect.

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10
Q

Neoliberal

A

A strategy for economic development that calls for free markets, balance, budgets, privatization, free trade, and minimal government intervention in the economy.
New liberty

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11
Q

Outsourcing

A

When jobs, industry, or parts of the commodity, are sent to other countries to save money, such as how many things are produced in China.

Things get made somewhere else to save money.

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12
Q

Commodity dependence

A

Economy that relies on the exports of primary commodities for a large share of its expert earnings, and hence economic growth.
Dependent of commodities

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13
Q

Comparative advantage

A

The ability to produce a good at an efficient, rape, then another producer or country.

Comparing advantage rate of produce

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14
Q

Cottage industry

A

Manufacturing based in homes, commonly found in pre-industrial revolution.
cottage-home
Industry-manufacturing

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15
Q

Deindustrialization

A

Decline in industrial activity in a region or economy.

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16
Q

Ecotourism

A

Tourism, directed toward exotic, often threatened, natural environments, especially to support, conservation efforts and observe wildlife.

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17
Q

Equity

A

The value of shares given by the company
Equally-shares

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18
Q

Formal economy

A

First to all economic activities, operating within the official legal framework that are paying taxes on all generated in comes.
Gets treated like it’s there

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19
Q

Gender inequality index

A

An indicator constructed by the UN to measure the extent of each country’s gender in inequality, in terms of reproductive health, empowerment, and labor market.
Working women < working men

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20
Q

Gender parity

A

A policy by which women have to make up either a certain number of the candidates in the election, or a certain number of those elected.

Women have to be in the election

21
Q

Gross domestic product (GDP)

A

Measurement of the total goods and services produced within a country.

22
Q

Gross national income (GNI)

A

The value of the output of the goods and services produced in a country in a year, including money that leaves, and enters the country.
The value of selling goods

23
Q

Gross national product (GNP)

A

Total value of goods and services, including income, received from abroad, produced by the residence of a country with a specific time. Period, usually one year.
Money of product

24
Q

Human development index (HDI)

A

Indicator of level of development for each country, constructed by the united nations, combining income literacy, education, in life expectancy.

25
Q

Industrialization

A

The process in which the interaction of social and economic factors causes the development of manufacturing and businesses on a weight scale.
More developing

26
Q

Informal economy

A

Economic activity does neither text Norah monitored by a government and is not included in the governments, gross national product as opposite to a formal economy.

It is not being counted as a real economy

27
Q

Agglomeration

A

The tendency of a business in the same industry to Custer in the same area.
Clustering of industries

28
Q

Break of bulk point

A

Location where is more economical to break raw materials into smaller units before shipping them further.
Break the product

29
Q

Bulk reducing industry

A

An industry in which the final product weighs less and is located closer to the inputs. Examples include mining smelting and refining.

Final product was less closer to input further from market

30
Q

Bulk gaining industry

A

An industry where the product, dense, volume or weight than the material it’s made of. It is sold closer to where the market for the product that is selling at examples include cars packaged food.

Games volume (final product) sold close to the market

31
Q

Complementarity

A

The relationship between two countries, where they both have an industry that benefits them both.
Countries complement each other

32
Q

Just in time delivery

A

Shipment of parts and materials to arrive to a factory moments before they are needed.

33
Q

Labor, intense industry

A

And industry for which labor costs compromise, a high percentage of total expenses

34
Q

Mass consumption

A

A large number of people purchasing large quantities of goods

35
Q

Per capita

A

For each person in relation to people taking individually

36
Q

Quaternary sector

A

Service sector industries concerned with collection processing an input manipulation of information and capital. Examples include finance, administration, insurance, and legal services.
2nd to last

37
Q

Primary sector

A

The portion of the economy concerned with the direct extraction of materials from earth surface, generally through agriculture, although sometimes by mining, fishing, and forestry.
The start

38
Q

Quinary sector

A

Economic sector that involves the very top leaders and decision makers in government, businesses, etc.
Last

39
Q

Tertiary sector

A

Economic sector that includes a host of activities that involve the transport, storage, marketing, and selling of goods and services also called the service sector.
3rd

40
Q

Secondary sector

A

The portion of the economy concerned with manufacturing useful products, through processing, transforming and assembling raw materials.
Manufacturing products
2nd

41
Q

Raw materials

A

The basic material from which product is made.

42
Q

Renewable energy

A

A resource that has a theoretically, unlimited supply, and is not completed when used by humans.

43
Q

Social measures of development

A

Access to healthcare, education, general determinants like security, freedom, and opportunities.
How developed is it? able to have?

44
Q

Standard of living

A

Quality of life, based on ownership of necessities and luxury that make life easier.

45
Q

Tariffs

A

Taxes on imports or exports.

46
Q

UNs sustainable development goals

A

The blueprint achieve a better and more sustainable for all. The address, the global challenges, we face, including those related to poverty, inequality, climate, change, environmental degration, peace, and justice.

A paper to achieve more sustainable earth.

47
Q

Trading blocks (common markets)

A

Organizations of nations that remove barriers to trade among the members and that establish uniform barriers to trade with nonmember nations.

48
Q

Growth pole

A

And urban area, we’re due to pull factors, like an company, movies in, other businesses start to rise because of economic growth.

Economic growth because of pull factors.

49
Q

Vertical integration

A

The combination in one company of two or more stages of production normally operated by separate companies.

Combining companies

AP Geography (7 decks)

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