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AP Hug Unit #7
Terms in this set (29)
A location where transfer is possible from one mode of transportation to another.
An industry in which the final product weighs more or comprises a greater volume than the inputs.
An industry in which the final product weighs less or comprises a lower volume than the inputs.
Manufacturing based in homes rather than in a factory, commonly found before the Industrial Revolution.
A highly organized and specialized system for organizing industrial production and labor. Named after automobile producer Henry Ford, Fordist production features assembly-line production of standardized components for mass consumption.
An industry for which labor costs comprise a high percentage of total expenses.
Factories built by US companies in Mexico near the US border to take advantage of much lower labor costs in Mexico.
division of labor
Division of work into a number of separate tasks to be performed by different workers
A decision by a corporation to turn over much of the responsibility for production to independent suppliers.
Adoption by companies of flexible work rules, such as the allocation of workers to teams that perform a variety of tasks.
A state law forbidding requirements that workers must join a union to hold their jobs.
Location factors related to the costs of factors of production inside the plant, such as land, labor, and capital.
A fabric made by weaving, used in making clothing
Weber's Least Cost Theory
theory that described the optimal location of a manufacturing firm in relation to the cost of transportation, labor, and advantages through agglomeration
A process of improvement in the material conditions of people through diffusion of knowledge and technology.
Alternative to international trade that emphasizes small businesses and worker owned and democratically run cooperatives and requires employers to pay workers fair wages, permit union organizing, and comply with minimum environmental and safety standards.
Foreign Direct Investment
Investment made by a foreign company in the economy of another country.
Gender Empowerment Measure (GEM)
Compares the ability of women and men to participate in economic and political decision making.
Gender-Related Development Index (GDI)
Compares the level of development of women with that of both sexes.
Gross Domestic Product
The sum total of the value of all the goods and services produced in a nation
HDI (Human Development Index)
a measure of a country's standard of living, including health and education
percentage of people who can read and write
The portion of the economy concerned with the direct extraction of materials from Earth's surface, generally through agriculture, although sometimes by mining, fishing, and forestry.
The portion of the economy concerned with manufacturing useful products through processing, transforming, and assembling raw materials.
The portion of the economy concerned with transportation, communications, and utilities, sometimes extended to the provision of all goods and services to people in exchange for payment.
Portion of the economy focused on knowledge oriented jobs, such as information technology, media, research, development,etc.
Service sector industries that require a high level of specialized knowledge or technical skill. Examples include scientific research and high-level management.
Millinium Development Goals
8 goals established by the UN to move toward sustainable development worldwide.
Structural Adjustment Program
a program to reform the structure of an economy
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