Unit 7 Test Review Mr. Sinn

Flashcards covering key concepts, definitions, and terms related to industrial and economic development patterns and processes.

Industrial Revolution

A period of major industrialization that took place during the late 1700s and early 1800s, beginning in Great Britain.

Cottage Industry

A system of production where goods are made by hand in homes rather than in factories.

Deindustrialization

The process of social and economic change caused by the removal or reduction of industrial activity in a region.

Bulk-gaining product

A product whose final weight is greater than the weight of its raw materials; produced closer to the market.

Bulk-reducing product

A product that loses weight during production; manufactured closer to the source of raw materials.

Microloan

A small loan given to entrepreneurs in developing countries to help them start or expand their businesses.

Weber’s Least Cost Theory

A model that explains the optimal location of industries based on minimizing transportation, labor, and agglomeration costs.

Economic restructuring

The process of changing the economic base of a region, often from manufacturing to service-oriented industries.

Sustainability

Meeting the needs of the present without compromising the ability of future generations to meet their own needs.

Gender Inequality Index (GII)

A measure that reflects gender-based inequalities in reproductive health, empowerment, and labor market participation.

Human Development Index (HDI)

A composite index measuring average achievement in key dimensions of human development: life expectancy, education, and per capita income.

Ecotourism

Responsible travel to natural areas that conserves the environment and improves the well-being of local people.