Economics Review Rebecca Angoyar
-
Upload
eliana-mckee -
Category
Documents
-
view
24 -
download
1
description
Transcript of Economics Review Rebecca Angoyar
![Page 1: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/1.jpg)
![Page 2: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/2.jpg)
Process of improving the material conditions of people through diffusion of knowledge and technology.
![Page 3: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/3.jpg)
Development
![Page 4: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/4.jpg)
Provide security and protection for citizens and businesses.
![Page 5: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/5.jpg)
Public Services
![Page 6: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/6.jpg)
The maximum distance people are willing to travel to use a service.
![Page 7: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/7.jpg)
Range
![Page 8: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/8.jpg)
Nicknamed the “iron horse.” Canals were superseded by this invention. It was invented by two males with the help of the steam engine. Name these two males for extra credit.
![Page 9: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/9.jpg)
Railway System. Created by William Symington and William Murdoch
![Page 10: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/10.jpg)
Families living in close proximity to each other with fields surrounding a collection of houses and farm buildings.
![Page 11: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/11.jpg)
Clustered Rural Settlements
![Page 12: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/12.jpg)
Total number of deaths in a year among infants under one year old for every 1,000 births in a society.
![Page 13: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/13.jpg)
Infant Mortality Rate
![Page 14: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/14.jpg)
The area surrounding a central place, from which people are attracted to use the place’s goods and services. Name the geographer responsible for this theory for bonus points.
![Page 15: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/15.jpg)
Market Area (Hinterland).Walter Christaller.
![Page 16: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/16.jpg)
A settlement surrounded by fields where people produce food by planting feeds and raising animals rather than hunting and gathering.
![Page 17: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/17.jpg)
Rural Settlements
![Page 18: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/18.jpg)
The minimum number of people needed to support a service.
![Page 19: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/19.jpg)
Threshold
![Page 20: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/20.jpg)
French linear settlenments that were often located along rivers and the strips of land extended back from the water.
![Page 21: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/21.jpg)
Long Lots
![Page 22: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/22.jpg)
These are not necessary for survival. E.g: Cars, entertainment, and telephones.
![Page 23: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/23.jpg)
Nonessential Goods
![Page 24: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/24.jpg)
A study that asses optimal locations for services as well as the comparison data generated by the business to market area population.
![Page 25: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/25.jpg)
Market Area Analysis
![Page 26: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/26.jpg)
The portion of the economy concerned with manufacturing useful products through processing, and assembling raw materials.
![Page 27: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/27.jpg)
Primary Sector
![Page 28: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/28.jpg)
Farmers living on individual farms isolated from neighbors rather than alongside other farmers in settlements.
![Page 29: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/29.jpg)
Dispersed Rural Settlements
![Page 30: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/30.jpg)
Natural Fibers that are combined with chemicals
![Page 31: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/31.jpg)
Synthetic Fibers
![Page 32: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/32.jpg)
Regional economic affiliations which increase economic transaction between member countries. The main affiliations are the Western Hemisphere, Western Europe, and East Asia.
![Page 33: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/33.jpg)
Trading Blocs
![Page 34: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/34.jpg)
Buildings clustered along road, river, or dikes to facilitate communications in long, narrow strips.
![Page 35: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/35.jpg)
Linear Settlements
![Page 36: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/36.jpg)
Theory explaining the distribution of settlements based on the fact that settlements serve as market centers for people living in the surrounding area.
![Page 37: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/37.jpg)
Central Place Theory
![Page 38: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/38.jpg)
A model explaining how the diversely sized settlements and service areas interact with each other.
![Page 39: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/39.jpg)
Gravity Model
![Page 40: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/40.jpg)
Total number of live births in a year for every 1,000 people alive in the society
![Page 41: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/41.jpg)
Crude Birth Rate
![Page 42: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/42.jpg)
The process of consolidating small land holdings into a smaller number of larger farms in Englad during the 18th century.
![Page 43: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/43.jpg)
Enclosure Movement
![Page 44: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/44.jpg)
Transportation, communications, & domestic sources of equipment, tools, & machines needed to build & operate new factories.
![Page 45: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/45.jpg)
Infrastructure
![Page 46: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/46.jpg)
A community’s collection of basic industries
![Page 47: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/47.jpg)
Economic Base
![Page 48: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/48.jpg)
The average number of years a new born infant can expect to live at current mortality levels.
![Page 49: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/49.jpg)
Life Expectancy at birth
![Page 50: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/50.jpg)
Market center for the exchange of goods and services by people from the surrounding area.
![Page 51: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/51.jpg)
Central place
![Page 52: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/52.jpg)
A form of mass production where each worker performs a wide range of activities and acts as part of a team
![Page 53: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/53.jpg)
Post-Fordist
![Page 54: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/54.jpg)
Method of preserving food in glass bottles that had been sterilized in boiling water. Created by a French Confectioner in 1810. Name by whom for extra credit.
![Page 55: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/55.jpg)
Canning. Created by Nicholas Appert
![Page 56: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/56.jpg)
A pattern of settlements in a country, where the nth largest settlement is 1/n the population of the largest settlement.
![Page 57: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/57.jpg)
Rank Size Rule
![Page 58: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/58.jpg)
A Country’s development being measured by economic (GDP), social (literacy rate). And demographic (life expectancy). This was created by the United Nations.
![Page 59: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/59.jpg)
Human Development Index
![Page 60: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/60.jpg)
An industry that can be located in a wide variety of places without a significant change in costs of transportation, land, labor, or capital.
![Page 61: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/61.jpg)
Footloose
![Page 62: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/62.jpg)
States where laws are passed preventing unions and companies from negotiating a contract that requires workers to join a union as a condition of employment. Prevalent in the Southeast (US).
![Page 63: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/63.jpg)
Right-to-work State
![Page 64: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/64.jpg)
Services of all types are clustered in the center of the city.
![Page 65: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/65.jpg)
Central Business District
![Page 66: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/66.jpg)
The percentage growth of a population in a year.
CBR-CDR
![Page 67: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/67.jpg)
Natural Increase Rate
![Page 68: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/68.jpg)
Four Consecutive 15 minute periods in the morning and evening with the heaviest volumes of traffic.
![Page 69: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/69.jpg)
Rush Hour
![Page 70: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/70.jpg)
These result from the unique characteristics of a location. E.g. land, capital, and labor
![Page 71: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/71.jpg)
Site Factors
![Page 72: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/72.jpg)
A form of mass production in which each worker is assigned a specific task to perform repeatedly.
![Page 73: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/73.jpg)
Fordist
![Page 74: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/74.jpg)
Enterprises whose customers live in the same community, essentially consumer services.
![Page 75: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/75.jpg)
Non basic Industries.
![Page 76: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/76.jpg)
The number of people under the age of 15 and older than 64, compared to the number of people active in the work force.
![Page 77: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/77.jpg)
Dependency Ratio
![Page 78: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/78.jpg)
The transfer of some types of jobs, especially those requiring low-paid, less skilled workers, from relatively developed to developing countries.
![Page 79: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/79.jpg)
New International Division of Labor
![Page 80: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/80.jpg)
Food, clothing, and Shelter are examples of _________ ________, which are necessary for survival.
![Page 81: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/81.jpg)
Essential Goods
![Page 82: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/82.jpg)
Any activity that fulfills a human want or need and returns money to those who provide it.
![Page 83: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/83.jpg)
Service
![Page 84: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/84.jpg)
Locational factors related to the transportation of materials into and away from a factory.
![Page 85: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/85.jpg)
Situational Factors
![Page 86: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/86.jpg)
An industry that exports primarily to consumers outside the settlements.
![Page 87: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/87.jpg)
Basic Industries
![Page 88: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/88.jpg)
Economic model for Development whereby a country isolates itself from imports and exports and supports is businesses so that goods and services used come from within the country
![Page 89: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/89.jpg)
Self-Sufficiency Model
![Page 90: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/90.jpg)
The percentage of a countries people who can read and write.
![Page 91: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/91.jpg)
Literacy Rate
![Page 92: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/92.jpg)
The rule stating that the largest settlement in a country has more than twice as many people in the 2nd ranking settlement
![Page 93: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/93.jpg)
Primate City Rule
![Page 94: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/94.jpg)
Permanent collection of buildings & inhabitants.
![Page 95: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/95.jpg)
Settlement
![Page 96: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/96.jpg)
Economic model or development whereby a country identifies and develops their unique assets and opportunities.
![Page 97: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/97.jpg)
International Trade Model
![Page 98: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/98.jpg)
The leading city in its country or region, disproportionately larger than any others in the urban hierarchy.
![Page 99: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/99.jpg)
Primate City
![Page 100: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/100.jpg)
Provides services to individuals who desire them, & who can afford them.
![Page 101: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/101.jpg)
An industry relying on workers to perform high-tech or precision oriented tasks.
![Page 102: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/102.jpg)
Skilled Labor Industry
![Page 103: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/103.jpg)
Overlapping hexagons with four different levels: Hamlet, village, town, & city.
![Page 104: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/104.jpg)
Nesting Market Areas
![Page 105: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/105.jpg)
This bulky, heavy, high-energy fossil fuel replaced wood as the primary fuel source during the Industrial Revolution.
![Page 106: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/106.jpg)
Coal
![Page 107: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/107.jpg)
An economic industry where the final product weighs less than its input. Give an example for bonus points.
![Page 108: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/108.jpg)
Bulk-reducing Industry
![Page 109: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/109.jpg)
The portion of the economy concerned with manufacturing useful products through processing, transforming, and assembling raw materials
![Page 110: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/110.jpg)
Secondary Sector
![Page 111: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/111.jpg)
These are used to deter imports and protect domestically produced goods and services.
![Page 112: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/112.jpg)
Tariff
![Page 113: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/113.jpg)
A measure of the total output of a country that takes the gross domestic product (GDP) and divides it by the number of people in the country.
![Page 114: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/114.jpg)
Per Capita GDP
![Page 115: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/115.jpg)
He developed a five stage model depicting a continuum of economic growth and development from almost void of consumer goods, to widely and consumed goods.
![Page 116: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/116.jpg)
W. Rostow
![Page 117: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/117.jpg)
An industry where labor is a high percentage of expense
![Page 118: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/118.jpg)
Labor Intensive Industry
![Page 119: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/119.jpg)
An industry in which the final product weighs more or compromises a greater volume than its inputs.
![Page 120: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/120.jpg)
Bulk-gaining Industry
![Page 121: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/121.jpg)
A country with high levels of economic development. Indicators of include low birth, death, and infant mortality rates less than 10% of the workforce in agriculture.
![Page 122: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/122.jpg)
More Developed Country (MDC)
![Page 123: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/123.jpg)
Provides goods for sale to consumers.
![Page 124: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/124.jpg)
Retail Services
![Page 125: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/125.jpg)
The value of the total output of goods and services produced in a country within a year. This does not include the informal economy.
![Page 126: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/126.jpg)
Gross Domestic Product
![Page 127: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/127.jpg)
Gross value of the product minus the costs of raw materials and energy.
![Page 128: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/128.jpg)
Value Added
![Page 129: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/129.jpg)
Provides services for the well being & personal improvement of individual consumers.
![Page 130: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/130.jpg)
Personal Services
![Page 131: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/131.jpg)
This invention was important to the development of factories in the Industrial Revolution. It was built in 1769. Name by whom it was built for bonus points!
![Page 132: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/132.jpg)
Steam Engine: James Watt
![Page 133: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/133.jpg)
services for manufacturing and other tertiary industries, e.g . advertising, legal services, management consultancy, market research.
![Page 134: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/134.jpg)
Producer Services
![Page 135: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/135.jpg)
These are products that must be delivered to consumers ASAP. They are often located near markets. E.g. newspapers, dairy, etc.
![Page 136: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/136.jpg)
Perishable Products
![Page 137: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/137.jpg)
A factory in Mexico run by a foreign company and exporting its products to the country of that company
![Page 138: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/138.jpg)
Maquiladora
![Page 139: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/139.jpg)
The portion of the economy that provides goods and services in exchange for money. This is the largest sector in the United States, as well as other MDCs.
![Page 140: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/140.jpg)
Tertiary Sector
![Page 141: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/141.jpg)
Manufacturers that make products sold in one market.
![Page 142: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/142.jpg)
Single Market Manufacturers
![Page 143: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/143.jpg)
The name given to the Asian countries that have been successful in developing with the international trade model.
Name these four Asian countries for Bonus Points!
![Page 144: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/144.jpg)
Four Asian Tigers/Dragons: Singapore, Taiwan, Hong Kong, & South Korea
![Page 145: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/145.jpg)
Manufacturing based in homes rather than in a factory.These were commonly found before the Industrial Revolution.
![Page 146: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/146.jpg)
Cottage Industry
![Page 147: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/147.jpg)
Countries that are not fully industrialized or do not have sophisticated financial or legal systems. These countries, also called members of the Third World, typically have low levels of per-capita income, high inflation and debt, and large trade deficits.
![Page 148: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/148.jpg)
Less Developed Country (LDC)
![Page 149: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/149.jpg)
Division of the world that separates most MDCs and LDCs
![Page 150: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/150.jpg)
North-South Split
![Page 151: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/151.jpg)
Firms which operate different parts of their companies in different locations around the globe.
![Page 152: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/152.jpg)
Transnational Corporations
![Page 153: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/153.jpg)
The value of a particular product compared to the amount of labor needed to make it.
![Page 154: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/154.jpg)
Productivity
![Page 155: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/155.jpg)
A location where transfer is necessary from one mode of transportation to another.
![Page 156: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/156.jpg)
Break-of-Bulk Point
![Page 157: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/157.jpg)
Final BONUS: Who were the two men whose work was the beginning of modern engineering and manufacturing of machine parts?
![Page 158: Economics Review Rebecca Angoyar](https://reader036.fdocuments.us/reader036/viewer/2022062721/568136cb550346895d9e677f/html5/thumbnails/158.jpg)
Walt & Matthew Bolson