APHUG - Chapters 16 & 17 vocabulary
Terms in this set (41)
Break in Bulk Point
location where transfer among transportation modes is possible (seaports, airports)
rapid economic and political change that transformed the country (South Korea) into a stable nation
based on raw materials needed to make your product
Division of Labor
workers are given specific chores to do, with some prestige or value placed on certain tasks as opposed to others; can be used in factory system in which each worker specializes in a single, repeated task
massive company operating a collection of smaller firms that provide it with specific services in its production process
land, labor, capital
(industry) transforms raw materials into manufactured goods.
grows quickly as societies industrialize.
a strategy that seeks to directly integrate the country's economy into the global economy by concentrating on economic production that can find a place in international markets
industry for which labor costs comprises a high percentage of total expenses
the system in which several people worked under one roof, bringing together all the necessary machinery to be powered from belts by one steam engine, requiring very little skill
industry can locate anywhere and still be profitable, due to globalization
trade agreement resulting in labor-intensive industries in Mexico. low-cost labor and close geographically to the U.S.
the process by which a greater proportion of a national economy is involved in the manufacturing of goods. this allows more goods to be produced in greater quantity and at a lower price.
Great Britain in the early 1800s has many raw materials like coal, iron, and ore. It is also the richest country, which allows for the development of new technologies.
-factory system and division of labor
multidivisional corporation with overseas divisions seeking global market and global labor force
plants in Mexico near U.S. border
Friction of distance
the further something is transported, the higher the cost
Christaller's "Central Place Theory" (1930s)
states that consumer services follow a regular pattern based on the size of settlements; larger settlements offer more consumer services and more specialized ones
a large output of goods, which both drops the price of the goods and sparks demand due to affordability
small, unsecured loans made primarily to women to help them undertake an income-generating project in a developing country
dictates that a specific region does a better job of producing something than another region does
a balance between locations of raw materials, labor force, and markets.
part of Alfred Weber's Least Cost Theory of Industrial Location.
want your plant location to either be close to the raw materials, or the market
Transportation: (most important cost) usually best site is where cost to transport raw material and finished product is the lowest
Labor: (high labor costs reduce profit) location where there is supply of cheap, non-union labor may offset transportation costs
Agglomeration: (clustering of industry) when a group of industries cluster for mutual benefit shared services (for example, Silicon Valley)
online vending of goods, such as on Amazon.com
(clustering of industry) when a group of industries cluster for mutual benefit shared services (for example, Silicon Valley)
"unclumping" of similar businesses due to over crowding.
Less Developed countries
countries that have not experienced industrialization
because inputs weigh more than the final products, plant location is near input to reduce transportation costs
Financers who are willing to risk their money on a risky, initial idea in hopes of great gains
More developed countries
countries that have experienced industrialization
production of a product that gains volume or weight during its production; plants located near market to reduce costs of transportation
responsible travel to natural areas that conserves the environment, sustains the well-being of the local people, and involves interpretation and education. it helps to protect the environment and generate jobs.
Manufacturing belt. increased rust from exposure to the elements in abandoned factories (Northeast China, Midwest America & Detroit)
the area surrounding a service from which customers are attracted
interpretation of ideas, evaluation of new technologies, and the creation of services, decision makers.
Special Economic Zones (SEZs)
specific areas where tax and investment incentives are used to attract foreign/domestic businesses
(services) any activity that fulfills a human want or need and returns money to those who provide it, located in settlements. (affluent regions have more)
service jobs concerned with research and development, management and administration, processing information.
specific industries that bring employees and thus causing economic growth
group of industries which have clustered together for mutual benefit shared services in Southern California. (agglomeration)
area in North Carolina that is one of the largest research parks in the world for business and medicine
YOU MIGHT ALSO LIKE...
Introduction to Business | Gaspar, Bierman, Kolari, Hise, Smith, Arreola-Risa
geography quiz 11.1, geography
AP Human Geography
OTHER SETS BY THIS CREATOR
PSYCH101 - Chapters 10&11
APHUG - Chapter 9 vocabulary
APHUG - Chapter 8 vocabulary
APHUG - Chapter 7 vocabulary