Economic Change Flashcards
1
Q
What are the three economic sectors?
A
- Primary (working with natural resources)
- Secondary (manufacturing products)
- Tertiary (providing services)
2
Q
Why has the primary sector declined?
A
- Farming (cheaper to import food and increased mechanisation)
- Mining (cheaper to import and coal is bad for the environment)
- Fishing (mechanisation)
3
Q
Why has the secondary sector declined?
A
- It’s cheaper to make products abroad
- De-industrialisation
- Transport enables good to travel faster
- Modern communications
- Growth of transnational corporations
4
Q
Why has China’s economy grown?
A
- Available natural resources
- Close to other developing countries
- Cheap workforce (40p per hour)
- Increase in globalisation
- Increase in literacy rate
5
Q
Why has the tertiary sector grown?
A
- Richer countries can afford better services
- Technological advances (new job opportunities in IT)
- Many HICs are becoming ageing populations (there are more elderly people with disposable income)
6
Q
What are the benefits of rural de-industrialisation?
A
- There is less pollution
- Different industries star to invest
- Old buildings and land can be made into tourist attractions (The Eden Project, Cornwall)
- Ugly buildings are removed
- Land can be used for wildlife, recreation or landfill
7
Q
What are the costs of rural de-industrialisation?
A
- Jobs are lost
- Less income means less spending power (impact the economy)
- There is less income from tax because there are fewer industries to pay tax
- Unemployment benefits have to be payed
- Derelict buildings look ugly