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Primary Industry

extracting raw materials from the earth or sea e.g. farming, mining

Secondary Industry

Raw materials processed into manufactured goods e.g. steel

Tertiary Industry

Services industry e.g. education, office work

Quaternary Industry

Carrying out cutting edge research and designs in high-tech equipment

Science Park

planned industrial complex which contains Quaternary companies

High- tech industries

produces sophisticated products and electronic goods

footloose industry

don't have to locate near raw materials

M4 corridor

area where many research industries move to

Positive multiplier effect

Term to describe all of the good changes created by an increase in tourism, more jobs, income etc.

Negative multiplier effect

when decline leads to further decline in the area

inward investment

investment into a area

industrial decline

less jobs in the industry imports

Multinational Company

large company in more than one country


growth in several stages


goods sold to other countries


goods bought from other countries


goods sold and bought from other countries

balance of payment

difference between export and imports

trade surplus

export more than they import

trade deficit

import more than they export


to make goods last

quality of life

how happy and content someone is

standard of living

how wealthy you are

greenfield site

site that hasn't been built on

brownfield site

site that has been built on

non government aid

smaller community projects that have to rely on public and government donations

Bilateral aid

given by a medc to a ledc to fiance projects e.g. aswan dam

Multilateral aid

given through international organisations

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