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AP HUG > Unit 7, 42 words > Flashcards

Unit 7, 42 words Flashcards

1
Q

the process of using machines and large-scale processes to convert raw materials into manufactured goods

A

industry

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2
Q

the basic substances such as minerals and crops needed to manufacture finished goods

A

raw materials

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3
Q

a place where products are sold

A

market

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4
Q

small home-based businesses that made goods

A

cottage industries

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5
Q

resulted in more complex machinery driven by water or steam power that could make products faster and at lower costs than could cottage industries

A

industrial revolution

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6
Q

this is where industrialized regions were often found. STRETCHES across the mid latitudes of the Northern Hemisphere.

A

Industrial Belt

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7
Q

a process of decreasing reliance on manufacturing jobs

A

deindustrialize

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8
Q

regions that have large numbers of closed factories

A

rust belts

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9
Q

extracting natural resources from the earth

A

primary sector

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10
Q

making products from natural resources

A

secondary sector

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11
Q

providing information and services to people

A

tertiary sector

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12
Q

managing and processing information

A

quaternary sector

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13
Q

creating information and making high-level decisions

A

quinary sector

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14
Q

the potential of a job to produce additional jobs

A

multiplier effect

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15
Q

to explain the key decisions made by businesses about where to locate factories.

A

least cost theory

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16
Q

the spatial grouping of several businesses to share costs

A

agglomeration economics

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17
Q

Weber’s model can be shown with a… THE three points of the triangle are the market for a good and two resources needed to make the good

A

location triangle

18
Q

When raw materials lose bulk during processing. These types of industry are also known as weight-losing, raw material-oriented, or raw-material- dependent industry

A

bulk reducing industry

19
Q

these factories usually locate close to the market and are considered… (Weight gaining, market-oriented, or market-dependent industries).

A

bulk gaining industries

20
Q

highly dependent on a workforce and will want to be near a source of those workers.

A

labor-oriented industry

21
Q

the procedure of transferring cargo from one mode of transportation to another.

A

break of bulk

22
Q

the system in which goods are loaded into a standardized shipping unit

A

containerization

23
Q

they can be carries on a truck, train, ship, or plane.

A

intermodal

24
Q

they can pack up and leave for a new location quickly and easily

A

footloose

25
Q

designed to impress clients

A

front offices

26
Q

when the company decided to locate the rest of its employees in less expensive office spaces

A

back offices

27
Q

the dollar amount of all goods and services produced by a country’s citizens in one year is measured in the

A

GNI and GNP

28
Q

the dollar amount of all final goods and services produced within a country in one year is the

A

GDP

29
Q

profits from a foreign-owned company were leaving the country and going back to the home country

A

remittances

30
Q

amount per person

A

per capita

31
Q

a measure of what similar goods cost in different countries

A

purchasing power parity (PPP)

32
Q

portion of the economy that is monitored by government

A

formal sector

33
Q

portion of the economy that is NOT monitored by government

A

informal sector

34
Q

one measure of the distribution of income within a population is the

A

gini coefficient

35
Q

the amount of years a person is expected to live

A

life expectancy

36
Q

percentage of population that can read and write

A

literacy rate

37
Q

differences in the privileges afforded to males and females in a society are

A

gender gap

38
Q

composite measure of several factors indicating gender disparity

A

GII

39
Q

combines one economic measure (GNI per capita) with three social measures (life expectancy, expected years of schooling, and average years of schooling)

A

HDI

40
Q

empower women to find jobs outside the home

A

NGO

41
Q

provide loans often to women to start or expand a business

A

microcredit

AP HUG (17 decks)

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