Unit 7, 42 words Flashcards
the process of using machines and large-scale processes to convert raw materials into manufactured goods
industry
the basic substances such as minerals and crops needed to manufacture finished goods
raw materials
a place where products are sold
market
small home-based businesses that made goods
cottage industries
resulted in more complex machinery driven by water or steam power that could make products faster and at lower costs than could cottage industries
industrial revolution
this is where industrialized regions were often found. STRETCHES across the mid latitudes of the Northern Hemisphere.
Industrial Belt
a process of decreasing reliance on manufacturing jobs
deindustrialize
regions that have large numbers of closed factories
rust belts
extracting natural resources from the earth
primary sector
making products from natural resources
secondary sector
providing information and services to people
tertiary sector
managing and processing information
quaternary sector
creating information and making high-level decisions
quinary sector
the potential of a job to produce additional jobs
multiplier effect
to explain the key decisions made by businesses about where to locate factories.
least cost theory
the spatial grouping of several businesses to share costs
agglomeration economics