unit 7 ap hug

what is the primary sector of the economy

activities that extract natural resources, like agriculture, mining, and fishing.

what is the secondary sector of the economy

Activities that process raw materials into finished goods, like manufacturing and construction.

What is the tertiary sector of the economy?

Activities that provide services, such as retail, healthcare, and education.

What is Weber's

Least Cost Theory?

A theory explaining industrial location based on minimizing transportation, labor, and agglomeration costs.

What are the three main factors in

Weber's Least Cost

Theory?

Transportation costs, labor costs, and agglomeration economies.

What is Rostow's Stages of Growth model?

A model describing five stages of economic development that countries pass through.

Name one of

Rostow's Stages of

Growth.

Traditional Society, Preconditions for Take-off, Take-off, Drive to Maturity, or Age of Mass Consumption.

What is Wallerstein's

World Systems

Theory?

A theory dividing the world into core, periphery, and semi-periphery countries based on economic power.

What is a 'core' country in World Systems Theory?

Dominant capitalist countries that exploit peripheral countries for labor and raw materials.

What are the UN

Sustainable

Development Goals (SDGs)?

A collection of 17 global goals set by the United Nations for sustainable development by 2030.