Chapter 11 (Unit 7 Industrial and Economic Development)

Question 1

Industrial Production

Answer 1

The process of using machines and large-scale processes to convert raw materials into manufactured goods.

Question 2

The industrial revolution

Answer 2

a series of tech advances in the 1700s that resulted in complex machinery which could make products faster and more efficiently.

Question 3

Rapid Urban growth led to?

Answer 3

Overcrowding, housing shortages, poverty, starvation, pollution, diseases, more pandemics, fires, and natural disasters.

Question 4

Colonies provided

Answer 4

Raw materials, labor, food, soldiers

Question 5

Primary Economic Activities

Answer 5

Extraction of raw materials and natural resources, mining, fishing agriculture, forestry.

Question 6

Secondary Economic Activities

Answer 6

Manufacturing raw materials into a finished product, factories.

Question 7

Tertiary Economic Activies

Answer 7

Service sector that moves sells and trades products in first and second, obtains resources from the tertiary sectors

Question 8

Quaternary Economic Activies

Answer 8

Knowledge based, research and information creation, education, real estate, college, banking.

Question 9

Quinary Economic Activiteis

Answer 9

Highest levels of decision making, government, busines, congress, CEOs

Question 10

MDC

Answer 10

More Developed Country, less primary sector, more tertiary sector

Question 11

LDC

Answer 11

Less tertiary, more primary sector, less tertiary

Question 12

Weber’s Least Cost Theory 1909

Answer 12

Transportation, labor, the benefit of agglomeration.

Question 13

Uniformity of area

Answer 13

human and physical geographic features are uniform

Question 14

Labor

Answer 14

SUfiecient labor is available in fixed location it is immobile

Question 15

Raw materials

Answer 15

raw materials are found only in certain fixed locations

Question 16

Number of products and markets

Answer 16

there is one product produced and produced goods are only sold in a fixed location in a single market

Question 17

Transportation costs

Answer 17

Transportation costs are directly related to the distance of travel and to the weight of the items

Question 18

Influences on location

Answer 18

Economic factors dominate the decision about where to locate the factory.

Question 19

Gross Domestic Product

Answer 19

The total value of goods and services, so add up all the things sold in the country

Question 20

Gross National Product

Answer 20

Total value of exports, goods and services so add up EVERYTHING

Question 21

Gross National Income

Answer 21

The total of the GDP added to the exports subtracted by the imports.

Question 22

Formal Economy Sector

Answer 22

Regulated and taxed by the gov, is included in the GDP and GNI

Question 23

Informal Economy Sector

Answer 23

Mostly illegal products that are not regulated by the government, drugs black market goods, and babysitting.

Question 24

Gini Coefficient

Answer 24

Measures the distribution of income within a population

Question 25

Human Development Index

Answer 25

Combines health education and Living conditions to see how developed humans are.

Question 26

Gender Inequality Index

Answer 26

Combining social economic and political to determine equality, a higher score means lesser equality: reproductive health empowerment and labor market.

Question 27

Microfinance programs

Answer 27

provide loans to women to start or expand a business, typically in south Asia and south america

Question 28

Core countries

Answer 28

Strong military, global market controll, business headquarters

Question 29

Semi Periphery countries

Answer 29

middle income, in process of industrialization, better communication and transportation than periphery

Question 30

Periphery Countries

Answer 30

Unstable governments, less wealth, lower levels of education than the core, exportation

Question 31

Dependency Theory (Core and Periphery)

Answer 31

Periphery depends on cashflow to periphery and core depends on natural resources

Question 32

Brandt Line

Answer 32

Divides the northern and southern hemispheres based on development

Question 33

Outsourcing

Answer 33

Taking internal company things that you pay an outside firm to handle

Question 34

Offshoring

Answer 34

moving elements of company operations overseas to get cheaper labor.

Question 35

Reshoring

Answer 35

bringing an offshored branch of the company back to the country of origin.