a financial concept that says that service is becoming more and more important in product offerings.
Eco-Tourism
A form of tourism, based on the enjoyment of scenic areas or natural wonders, that aims to provide an experience of nature or culture in an environmentally sustainable way.
Ancillary Activities
Economic activities that surround and support large-scale industries such as shipping and food service
Quinary Economic Activities
service sector industries that require a high level of specialized knowledge skill (scientific research, high-level management)
Export Processing Zone
Areas where governments create favorable investment and trading conditions to attract export-oriented industries
Gross National Product
The total value of goods and services, including income received from abroad, produced by the residents of a country within a specific time period, usually one year.
Conglomerate Corporation
areas that have specially designed to promote business transactions, and thus have become centers for banking and finance
New International Division of Labor
Transfer of some types of jobs (especially
those requiring low-paid less skilled
workers) from MDCs to LDCs
Tertiary Economic Activities
Tertiary economic activities are the service industry.Trade is tertiary activity in which transportation is very important via air route,land route.
Maquiladoras
Factories that cheaply assemble goods; the transnational corporations (US) take advantage of them
