APHG Vocab Unit 7

break of bulk point

a location where transfer is possible from one mode of transportation of another

primary sector

the portion of the economy concerned with the direct extraction of materials from earth, generally through agriculture

secondary sector

the portion of the economy concerned with manufacturing useful products through processing, transforming, and assembling raw materials

tertiary sector

the portion of the economy concerned with transportation, communications, and utilities, sometimes extended to the provision of all goods and services to people in exchange for payment

gender inequality index (gii)

an indicator constructed by the UN to measure the extent of each country’s gender inequality in terms of reproductive health, empowerment, and the labor market

gross domestic product (GDP)

the value of the total output of goods and services produced in a country in a year, not accounting for money that leaves and enters the country

gross national product (GNP)

total value of goods and services by the citizens and corporations of a country as well as foreign investments in a given year

human development index

an indicator constructed by the UN to measure the level of development for a country through a combination of income, education, and life expectancy

outsourcing

a decision by a corporation to turn over much of the responsibility for production to independent suppliers

world systems theory

theory developed by Immanuel Wallerstein that in an increasingly unified world economy developed countries form an inner core area whereas developing countries are found on the periphery and semi-periphery

developed country

a country that has progressed relatively far along a continuum of development

developing country

a country that is at a relatively early stage in the process of development

fair trade

a variation of international trade that provides greater equity to workers, small businesses, and consumers, focusing primarily on products exported from developing countries to developed countries

site factors

location factors related to the costs of factors of production inside a plant, such as land, labor, and capital

situation factors

location factors related to the transportation of materials into and from a factory