Key Terms Geo Flashcards
Primary industry
Extraction of raw materials
Secondary industry
Raw materials turn into semi finished products or finished
Tertiary
Providing services to society
Quarternary industry
Provide specialist info above all the sectors
Global shift
Movement of manufacturing from developed countries to cheaper production locations in emerging and developing countries
Industrialization
The development of industries in a country or region on a wide scale
Reindustralisation
Decline. Of manufacturing
Pre industrial
Time before industrialization
Post industrialization
Economies which no longer relies on heavy industry
Comparative advantages
The ability of an individual group to carry out a particular economic activity more efficiently than other activity
Raw materials
The basic material in which a product is made
GDP
Gross domestic product: the total value of goods produced and services provided in a country during one year
GDP per capita
A measure of a countries economic output that accounts for number of people
