Unit 6 Vocab > Unit 6 Vocab > Flashcards

Unit 6 Vocab Flashcards

(51 cards)

Start Studying
1
Q

Gross domestic Product

A

which encompasses only goods and services produced within a country during a given year.
Ex- defense, goods, services.
Related terms- quarters, economy, inflation.
Ch 11 notes

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Gross national income

A

monetary worth of what is produced within a country plus income received from investments outside the country minus income payments to other countries.
•The most common way to standardize GNI data is to divide it by the population of the country, yielding the per capita GNI.
Ex- compensation, taxes, economy
Related terms- country wealth, imports/exports
Ch 11 notes

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Gross national products

A

is a measure of the total value of the officially recorded goods and services produced by the citizens and corporations of a country in a given year, and includes things produced both inside and outside the country’s territory.
Ex- sales tax, expenditures
Related terms- foreign production, consumption
Ch 11 notes

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Gender innequality index

A

A measure of the extent of each’s country gender inequality.
Ex- reproduction and labor rate
Related terms- ratio, education
Ch 11 notes

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Neocolonialism

A

the major world powers continue to control the economies of the poorer countries, even though the poorer countries are now politically independent states.
Ex- expansionism
Related terms- imperialism, colonialism
Ch 11 terms

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Foreign direct investment

A

Investment made by a foreign company in the economy of another country.
Ex- transnational corporations
Related terms- world bank, imf
Ch 11 notes

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Development

A

a process of improvement in the material conditions of people through diffusion of knowledge and technology.
Ex- crop rotation, industrializing, marketing, urbanizing
Related terms- industrial revolution, green revolution
Ch 11 and quizlet

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Human development index

A

United Nations (UN) developed a metric to measure the level of development of every country.
Ex- standard of living, access to knowledge
Related terms- developed vs non developed, Economy
Ch 11 notes

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Rostow ww growth model

A 
Stage 1=Traditional Society
Stage 2=Transitional Stage
Stage 3=Take off
Stage 4-Drive to Maturity
Stage 5=High Mass Consumption
Ch 11 notes and quizlet
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Third world

A

Agriculture/Resource-based economies.
Ex- Latin America, Caribbean, Africa, Asia
Related terms- poverty, low gdi
Ch 11 notes

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Less developed country

A

Below $10,000 GNP per capita.
Ex- Angola, Chad, Ethiopia
Related terms- poverty, undeveloped
Ch 11 notes

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

More developed country

A

Above $10,000 GNP per capita.
Ex- USA, Canada, China, Switzerland
Related terms- rich, industrialized, developed
Ch 11 notes

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

World systems theory

A

Theory originated by Immanuel Wallerstein and illuminated by his three-tier structure, proposing that social change in the developing world is inextricably linked to the economic activities of the developed world.
Ex-capitalism, core, periphery.
Related terms- world economy, investments
Foeburg

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Dependency theory

A

A structuralist theory that offers a critique of the modernization model of development. Based on the idea that certain types of political and economic relations (especially colonialism) be- tween countries and regions of the world have created arrangements that both control and limit the extent to which regions can develop.
Ex- foreign trade, neocolonialism, foreign debt
Related terms- dollarization, economy, ratio
Foeburg 342

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

D

A

Sky

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Hans Rosling

A

Swedish medical doctor, academic, statistician, public speaker.
Ex- al gore
Related terms- Ted talks, organizations
Biography.com

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Alfred Webber

A

Created the least cost theory according to which the location of manufacturing establishments is determined by the minimization of three critical expenses: labor, transportation, and agglomeration.
Ex- agglomeration
Related terms- least cost location
Foeburg 413

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

Agglomeration

A

A process involving the clustering or concentrating of people or activities. The term often refers to manufacturing plants and businesses that benefit from close proximity because they share skilled- labor pools and technological and financial amenities.
Ex- plants, industry
Related terms- corporations, labor force
Foeburg 430

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

Nafta

A

North American Free Trade Agreement (NAFTA), which prompted further industrialization of the border region.
Ex- groups
Related terms- organizations
Ch 11 notes

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

Special economic zones

A

these include the Pudong District, Xiamen, Shantou, Shenzhen, Zhuhai, and the Hainan Province (all of these are coastal areas providing vital economic advantages for the country of China).
Ch 11 notes

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

Four tigers

Study These Flashcards
A

Four Tigers (NIC’s) newly industrialized countries, South Korea (largest), Taiwan (moving towards high tech), Singapore (Center for information and technology), Hong Kong(Break of Bulk Point): Because of their booming economies.
Ex- orgs, groups
Related terms- nafta
Ch 11 notes and PowerPoint

21
Q

Weight gaining industry

Study These Flashcards
A

an industry that manufactures a large-sized product from small-sized raw materials.
Ex- diamonds, elephant husks
Related terms- industry
Ch 11 notes

22
Q

Weight losing industry

Study These Flashcards
A

industry an industry that manufactures a small-sized product from large-sized raw materials.
Ex- coffee, cotton
Related terms- industry, small business
Ch 11 notes

23
Q

Footloose industry

Study These Flashcards
A

An industry whose location is not strongly influenced by access to materials and/or markets, and can operate in a wide range of locations.
Ex- market, Corp
Related terms- world market, industry
Ch 11 notes

24
Maquiladora
Maquiladora Factories built by the U.S. companies in Mexico near the U.S. border, to take advantage of much lower labor costs in Mexico. Ex- under the counter work Related terms- cheap labor, illegal Ch 11 notes
25
Industrial revolutions
A series of improvements in industrial technology that transformed the process of manufacturing goods. Ex- cotton gin Related terms- green revolution Ch 11 notes
26
Deglomeration
The process of industrial deconcentration in response to technological advances and/or increasing costs due to congestion and competition. Ex- industry Related terms- big business Ch11 notes and quizlet
27
Entrepot
a port where merchandise can be imported and re-exported without paying import duties, a port where merchandise can be imported and re-exported without paying import duties. Ex- cheap, globalization Related terms- cheap labor, no tax Ch 11 notes
28
Just in time delivery
Method of inventory management made possible by efficient transportation and communication systems, whereby companies keep on hand just what they need for near-term production, planning that what they need for longer-term production will arrive when needed. Ex- planning, management Related terms- productivity, fast business Quizlet
29
Deindustrialization
A process by which companies move industrial jobs to other regions with cheaper labor, leaving the newly deindustralized region to switch to a service economy and to work through a period of high unemployment. Ex- 08 market crash Related terms- job loss, low gdp Foeburg 428
30
Gina coefficient
The Gini coefficient's main advantage is that it is a measure of inequality by means of a ratio analysis, rather than a variable unrepresentative of most of the population, such as per capita income or gross domestic product. Ex- gdp Related terms- gdi, economy Quizlet
31
Transnational corporations
A company that conducts research, operates factories, and sells products in many countries, not just where its headquarters or shareholders are located. Ex- research, searching Related terms- industry, corporations Foeburg 424
32
Assembly line production/ fordism
Fords idea that the dominant mode of mass production that endured for much of the past century. Fordist also includes a social structures that supported mass production by corporations. Ex- assembly line Related terms- labor force, industry Ch 11 notes and quizlet
33
Growth pole
spurred economic development in the surrounding area. Ex- expansion Related terms- growth, industry Ch 11 notes
34
Industrial locational theory
Predicting where something should be located.This can be on the local, regional, national or global scale. Ex- energy, transport, labor Related terms- profit, market Ch 11 notes
35
Retail locational theory
Threshold and Range Threshold of Service- Minimum number of people required to support a business Range- Maximum distance people are willing to travel to gain access to a service Spatial Margin of Profitability- area where local demand for a service creates revenue higher than the local costs of doing business Ch 11 notes
36
Postindustrial
An economy with less emphasis on heavy industry and manufacturing and more emphasis on services and technology. Ex- big markets, Walmart, target Related terms- Apple, Sony Ch 11 notes
37
Outsourcing
A decision by a corporation to turn over much of the responsibility for production to independent suppliers and moving offshore. Ex- Walmart Related terms- wholesale Ch 11 notes
38
Threshold and range
Threshold of Service- Minimum number of people required to support a business. Ex- workers Related terms- limit, work team Range- Maximum distance people are willing to travel to gain access to a service. Ex- distance Related terms- commodity Ch 11 notes
39
NGOs
Organization not run by a government but by a charity or private organization that supplies resources and money to local businesses and causes advancing economic and human development. Ex- trumps organizations Related terms- non profit Ch 11 notes and quizlet
40
Newly industrialized country (NIC)
Third World state that have economies that have made a distinct shift away from agriculture and toward manufacturing. Ex- Rapid Population Growth Related term-Rapid rural-to urban migration Ch 11 notes
41
Commodity chain
Consumption, or purchasing an item, is the end point in a commodity chain that affects places in a variety of ways. Ex- final checkpoint Related terms- purchase, buying Ch 11 notes
42
Industrial regions
Place- Based on environmental considerations and the cost effectiveness of the location for the Industry. (Fuel Source)- a material used to produce heat or power by burning. Important when considering a industry's location. (Characteristics)-Industrial region or industrial area refers to a region with extremely dense industry. It is usually heavily urbanized. Quizlet and Foeburg 421
43
Bid rent theory
a goegraphical theory that refers to how the price and demand on land changes as the distance towards the CBD. Ex- cost and demand Related terms- monopolies Quizlet
44
Break of bull points
which is a location where transfer among transportation modes is possible. Ex- seaports, airports Related terms- transportation Ch 11 note
45
Structuralist model
holds that difficult-to-change, large-scale economic arrangements shape what can happen in fundamental ways. Ex- market changes, needs Related terms- commodities, essentials Ch 11 notes
46
Purchasing power parity (PPP)
Cost of living adjustment made to the GNI. Ex- net worth, Income Related terms- gdp, wealth Ch 11 notes
47
Major manufacturing region
A region in which manufacturing activities have clustered together. Examples- The major U.S. industrial region has historically been in the Great Lakes, which includes the states of Michigan, Illinois, Indiana, Ohio, New York, and Pennsylvania. Industrial regions also exist in southeastern Brazil, central England, around Tokyo, Japan, and elsewhere. Foeburg 427 and quizlet
48
Measures of development
the process of achieving an optimum level of health and well-being. It includes physical, biological, mental, emotional, social, educational, economic, and cultural components. Ex- health care, industrializing Related terms- growth, gni Foeburg 339 and quizlet
49
Economic sectors
economic activity that isn't taxed or monitored by a government; and is not included in that government's Gross National Product (GNP); as opposed to a formal economy or the primary secondary or tertiary sectors. Ex- primary, secondary, tertiary Related terms- gni, gdp Kuby 442
50
Least cost location
A site chosen for industrial development where total costs are theoretically at their lowest, as opposed to location at the point of maximum revenue and is determined to minimize about, transportation, and agglomeration. Ex- low income, disposable workers Related terms- cheap labor, sweat shops Kuby 414

Unit 6 Vocab (1 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2025 Bold Learning Solutions. Terms and Conditions