Human geography industry

Agglomeration

Clustering of similar businesses in one area to share resources and lower costs

Bulk reducing industry

Final product weighs LESS than the raw material, factories near raw materials

Bulk gaining industries

Final product weighs MORE than the raw materials, favorites near the markets

Connectivity

Degree which different locations are linked by transportation and communication

Containerization

Use of large shipping containers to effectively ship goods

Cottage industry

Small scale (hand) manufacturing done at home/small workshops

Deindustrialization

The decline of manufacturing activity in a region

Economies of scale

Cost advantages gained when producing goods in large quantities

Flexible production

Production is adaptable to skilled labor and can change based off demand

Footloose industries

Industries that can relocate anywhere becuase they are not tied down to a specific resource

Fordist production

System of mass production that uses assembly lines and low skilled labor

Global division of labor

Specialization of different countries in different stages of production where tasks spread globally

High tech corridor

Region with high concentration of technology industries and skilled labor

Hinterland

Area surround city/port that supplies good and services that depend on trade

Intermodal connections

Links between transportation (ships, trains, trucks) used to move good efficiently

Just in time delivery

System where goods are delivered right when needed in production to reduce storage costs

Least cost theory

Theory that industries choose location to minimize transportation

Location theory

Study of how/why industries choose specific locations

Rust belt

Region in Midwest that experienced manufacturing decline and job loss

Sun belt

Region in south/west us that has experienced population and economic growth

Vertical integration

Companies control multiple stages of production from raw materials to final product

Growth poles

Economic centers that stimulate development and growth to surrounding areas

Complementarity

The relationship between two places where one produces a good the other needs

comparative advantage

Countries ability to produce good efficiently, lower cost than others