7.1-7.2 AP HUG Vocab

Industry

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

Raw Materials

Basic substances such as minerals and crops needed to manufacture finished goods

Market

Place where products are sold

Cottage Industry

Small home based businesses that made goods

Industrial Revolution

Series of technological advances

Industrial Belt

Concentrated region of manufacturing, factories, and industrial infrastructure, typically located among a strip of the mid latitudes in the northern hemispheres

Deindustrialize

Process of decreasing reliance on manufacturing jobs

Rust Belt

Region that have large numbers of closed factories

Primary Sector

Extracting natural resources from the earth

Secondary Sector

Making products from natural resources

Tertiary Sector

Providing information and services to people

Quaternary Sector

managing and processing information

Quinary Sector

Creating information and making high level decisions

Multiplier effect

Potential of a job to produce additional jobs

Least Cost Theory

Explain the key decisions made by business about where to locate factories

Agglomeration Economies

Spatial grouping of several businesses to share costs

Locational Triangle

The three points of the triangle are the market for a good and two resources needed to make the good

Bulk-Reducing Industries

Manufacturing process where the final product weighs less or has a lower volume than the raw materials

Bulk-Gaining Industries

Manufacturing process where the finished product weighs more or has a greater volume than the raw materials

Labor-Oriented Industry

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

Break Of Bulk

Procedure of transferring cargo from one mode of transportation to another

Containerization

System in which goods are loaded into a standardized shipping unit

Intermodal

Can be carried on a truck, train, ship, or plane

Footloose

Pack up and leave for a new location quickly and easily

Front Offices

Designed to impress clients

Back Offices

Less expensive office spaces