Flashcards in People, work and development Deck (34)
Any occupation; paid/unpaid, formal/informal.
Regular trade or profession in return for money.
Lack of paid work.
Insufficient paid work for individuals during the day or week.
Jobs that are available for people to apply to.
The replacement of people (workers) by machines and computers.
Grants and subsidies
Government giving money to businesses in order to boost economic activity.
Custom duty (tax) charged on foreign imports.
A limit on the number/amount of goods that can be traded. Commonly applied to limit imports of selected items in order to maintain local economy.
The work force of an area.
The location of the people whom goods produced are sold.
The built environment (e.g. roads, communication and power supplies) that support the industrial economy.
Wealth created from economic activity. Usually money; but also stocks, shares buildings and machines.
Expense 'incurred' in setting up or running an economic activity. I.e. the initial cost for producing the product or service.
Goods brought into/sent out of a country.
Money that is lent to a development, for later profit by the council/government or private individuals/businesses.
Connections between different parts in an economy.
Process of recognizing and acting to improve economic situation of a business, usually includes cutbacks on workers/services.
Classification of jobs: Primary, secondary and tertiary.
Industry involved in the extraction/exploitation of natural resources. E.g. mining, farming.
Industry involved in the manufacture/processing of goods from raw materials.
Industry involved in the sale of processed goods/ provision of services. E.g. shopping, transport...
Industry involved in the provision of information.
Properly regulated and taxed work. E.g. Factory employment.
Work done by people that is not recorded or regulated by the government and is not taxed.
Any human activity involving capital (the transaction of money). E.g. farming, factory production.
The growth of one or many aspects of an area's economy. E.g. new buildings, new technology, new infrastructure...
An association of people organised for their mutual benefit in the production and/or marketing of goods and services.
Transnational corporation/multinational corporation (TNC/MNC)
A large company with branches or production units in several countries. E.g. Ford, Coca-cola, Apple...