Economic Change Flashcards

1
Q

What are the three economic sectors?

A
  • Primary (working with natural resources)
  • Secondary (manufacturing products)
  • Tertiary (providing services)
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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)
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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
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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
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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)
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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
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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
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