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Words from learning objective 7.7 and 7.8

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Term
Definition
barter   show
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show A decision by a corporation to turn over much of the responsibility for production to independent suppliers.  
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offshoring   show
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economic restructuring   show
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show a feature of economic development in peripheral countries whereby the host country establishes areas with favorable tax, regulatory, and trade arrangements in order to attract foreign manufacturing operations  
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show specific area within a country in which tax incentives and less stringent environmental regulations are implemented to attract foreign business and investment  
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show A group of neighboring countries that promote trade with each other and erect barriers to limit trade with other blocs  
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free trade zones   show
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show zones established by many countries in the periphery and semi-periphery where they offer favorable tax, regulatory, and trade arrangements to attract foreign trade and investment  
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international division of labor   show
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Fordist production   show
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Post Fordist production   show
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substitution principle   show
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show An effect in economics in which an increase in spending produces an increase in national income and consumption greater than the initial amount spent.  
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show factors that cause a producer's average cost per unit to fall as output rises  
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show Shipment of parts and materials to arrive at a factory moments before they are needed  
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show Companies that support the growth and development of sophisticated technologies. It is a very new industry that has rapidly transformed many cities and countries.  
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show economic activities that are deliberately organized around one or more high-growth industries.  
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front office   show
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back office   show
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NGOs (non-governmental organizations)   show
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show the practice and business of recreational travel based on concern for the environment  
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UN Sustainable goals   show
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agglomeration economies   show
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show the property whereby long-run average total cost falls as the quantity of output increases  
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show A region where specific industries cause economic growth within the industry as well as the housing market and local economy, causing growth  
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Created by: Ajsteele
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