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AP Human Geography Chapter 10
Terms in this set (20)
Industries that sell their products or services primarily to consumers outside the settlement
Industries that sell their product or services primarily to consumers inside the settlement
A situation in which a country, individual, company or region can produce a good at a lower opportunity cost than a competitor.
a body of social science theories, which are predicated on the notion that resources flow from a "periphery" of poor and underdeveloped states to a "core" of wealthy states, enriching the latter at the expense of the former.
A nation where the average income is much lower than in industrial nations, where the economy relies on a few export crops, and where farming is conducted by primitive methods. In many developing nations, rapid population growth threatens the supply of food. Developing nations have also been called underdeveloped nations. Most of them are in Africa, Asia, and Latin America.
A piece of economic data, usually of macroeconomic scale, that is used by investors to interpret current or future investment possibilities and judge the overall health of an economy.
Process whereby simple, low-income national economies are transformed into modern industrial economies
Gross National Product
the total monetary value of all final goods and services produced in a country during one year.
A tool developed by the United Nations to measure and rank countries' levels of social and economic development based on four criteria: Life expectancy at birth, mean years of schooling, expected years of schooling and gross national income per capita. The HDI makes it possible to track changes in development levels over time and to compare development levels in different countries.
(DEVELOPING COUNTRY) A country that is at a relatively early stage in the process of economic development
The percentage of a country's people who can read and write
the idea that companies can create a product and sell its features to an eager buying public is no longer concrete
(RELATIVELY DEVELOPED COUNTRY or DEVELOPING COUNTRY) A country that has progressed relatively far along a continuum of development
the economic and political policies by which a great power indirectly maintains or extends its influence over other areas or people
The value of a particular product compared to the amount of labor needed to make it
Raw Material Orientation
The location of the manufacturing plant in relation to the source of raw materials. While most industries would prefer to locate near their markers in order to save the recurring costs of transportation, some industries - especially those that involve a loss of weight, bulk, or perishability in the process of manufacturing - might prefer to locate near their source of raw materials since their material index is much greater than 1.0.
Rostow's "Modernization Model"
A model that postulates that economic growth occurs in five basic stages, of varying length:
1. Traditional society
2. Preconditions for take-off
4. Drive to maturity
5. Age of High mass consumption
an economy which is not based on money, in which buying and selling are absent or rudimentary though barter may occur, and which commonly provides a minimal standard of living
The level of development that can be maintained in a country without depleting resources to the extent that future generations will be unable to achieve a comparable level of development
An economic theory which states that investing money in companies and giving them tax breaks is the best way to stimulate the economy.
The gross value of the product minus the costs of raw materials and energy
THIS SET IS OFTEN IN FOLDERS WITH...
AP Human Geography Unit 1 Review
AP Human Geography 01: Basic Concepts
AP Human Geography Chapter 1
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