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AP GEO Kaplan CH 8
Adams HCHS AP Human Geo. Kaplan Ch8 Industry/Econ develop.
Question | Answer |
---|---|
Agglomeration | The centralization of parts of an industry for the mutual benefit of the industry as a whole. |
Basic Industries | The industries that are the focal point of the economy for a city. |
Capitalism | An economic system that lets the competitive market determine the price of goods in a society and in which people have the freedom to choose their outcomes based on their ability to pay for a product. |
Communism | An economic system in which the government has total control over the prices of goods in a society, ranging from the price of bread to utility prices. |
Core-periphery Model | Model suggesting the core areas are more developed while the periphery areas are less developed and often times the periphery is at the economic beckoning of the core through resources. |
Cumulative Causation (Positive Feedback) | Continued growth that feeds on itself. |
Deglomeration | Occurs when a market becomes saturated with a particular industry, creating too much competition and forcing some businesses to shut down. |
Dependence Theory | Suggests that more developed countries exploit less developed countries to remain at the top of international trade. |
Development | The continued progress of a society in all areas, including demographics, economics, and social factors. |
Fixed Costs | Costs that do not fluctuate depending on the quantity ordered. |
Footloose Industry | A company with no allegiance or ties to a country or a location that, therefore, can move its primary location. |
Fordism | Describes an assembly line on which each employee is doing a specific task to speed up the overall process of production. |
Foreign Direct Investment | The direct investment by a company in the economy of a foreign country characterized by a direct relationship between the investor and the product of the investment. |
Four Asian Tigers (Asian Dragons) | Includes South Korea, Hong Kong, Taiwan, and Singapore, each of which is currently experiencing rapid economic growth as a result of its industrial base and the exporting of items to areas like the United States and Europe. |
Gross Domestic Product (GDP) | Determined by summing the selling value or market price of all goods and services that are produced in a particular country in a given year. |
Gross Domestic Product Per Capita | Determined by dividing the total amount of goods and services produced in a country by the total population of the country. |
Gross National Product (GNP) | Determined by summing the value of the goods and services produced by a country’s factors of production within a given time period (usually one year). |
Human Development Index | Includes the characteristics such as life expectancy, literacy, education, and standard of living that affect all people’s lives regardless of culture. |
Industrial Revolution | Starting in the mid-1600s, the Industrial Revolution was an extension of the Enlightenment period in Europe. The opening of thought ultimately leading to major changes in the technology and transportation systems within industry. |
International Division of Labor | The specialization of labor so that production becomes industrialized, thereby increasing the speed, efficiency, and quality of the overall work process. |
Labor-Intensive Industries | Businesses that require relatively more human effort in the production process (Agriculture). |
Multiplier Effect | The expansion of the economic base of a city as a result of the increased demand sparking increased production, which in turn employs more people who then demand even more goods and services. |
Neocolonialism | A situation wherein the less developed countries of the world are still economically dependent upon the more developed countries. |
New International Division of Labor | The outsourcing of jobs from more developed countries to lesser developed countries to produce goods more cheaply. |
Nonbasic Industries | Industries that serve as secondary businesses, established after the city has already established its basic industry. |
Site | The internal characteristics of a place based on its physical features. |
Situation | The relationship that a particular location has with the locations around it. |
Socialism | An economic system in which the government controls the basic elements of an economy, such as food prices, transportation costs, and energy prices. |
Time-Space Compression | The increase in the efficiency in the delivery process by diminishing distance obstacles, perhaps via email, fax machines, etc. |
Transnational Corperations | Large companies with offices or divisions in countries around the world. |
Treaty Ports | Ports that must remain open for international trade because of the signing of various treaties. |
Variable Costs | Costs that fluctuate based upon the volume of the order. |