1) Economic Activity and Energy

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41 Terms

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Globalisation

The increasing interconnectivity and independence of nations and its people across the globe

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Raw Materials

Items which more complex items are made from (e.g. coal, iron, limestone)

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Economic Sector

The type of jobs that people do, categorized into Primary, secondary, tertiary, and quaternary

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Sectoral/ Economic Shift

The change from one economic sector to another as the economy develops

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Decentralisation

Movement of businesses from CBD to suburban and urban fringe areas

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Informal Sector

Unregulated, unskilled, labor-intensive jobs with no worker protection or taxation

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Underemployment

Working below skill level or qualifications

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Unemployment

Not having a job

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Paratransit

Unregulated transport services like taxis and buses

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LIC

Low income country

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HIC

High income country

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Energy Efficiency

Using energy more carefully to reduce overall use and pollution

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Energy Conservation

Behaviors that use less energy

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Renewable Energy

Energy sources that can be used repeatedly

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Non-Renewable Energy

Resources that are finite and cannot be replaced

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Energy Gap

When a country can't meet its energy demand with its resources

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Energy Mix

Combination of primary energy sources used to meet a country’s energy demand

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Primary Sector

Extracts raw materials from nature

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Secondary Sector

Concerned with manufacturing

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Tertiary Sector

Provides services to consumers

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Quaternary Sector

Focuses on information, communications, research, and development

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Clark Fisher Model

Describes changes in economic sectors over time

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Developed Countries

Shift towards tertiary sector due to higher GDP

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Emerging Countries

Shift towards secondary and tertiary sectors due to industrialization

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Developing Countries

Shift towards industrialization and service sectors

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Physical Factors

Influence location of economic activities like accessibility and raw materials

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Socio-economic Factors

Influence location based on communications, government policies, labor supply, and markets

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Urban Fringe

Benefits and drawbacks of decentralization to suburban areas

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Reasons for Sector Changes

Mechanization, urbanization, and technological advancements

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Globalisation

Driven by better transport, TNCs, and communication improvements

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Government Policy

Enterprise Zones attract foreign investment and boost the economy

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Unstable income

Income that fluctuates due to factors like weather and customer flow, making it unreliable and leaving workers vulnerable to financial shocks.

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Informal sector

Jobs that are untaxed and not regulated by the government, leading to reduced tax collection and hindering funding for country improvements.

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Lack of health regulations

Absence of government regulations on safety and health standards, exposing workers and customers to diseases, especially in the food sector.

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Absence of long-term planning

Workers in the informal sector lack security for the future and may face extended periods without income stability.

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Malthusian theory

Theory suggesting that human population grows faster than food supply, potentially leading to food shortages and population control through lower birth rates or increased mortality.

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Boserup theory

Theory optimistic about food supply accommodating population growth through innovation and agricultural intensification, driven by the need to feed more people.

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Energy gap

Situation where a country needs to import energy to meet demand, making it energy insecure and reliant on external sources.

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Energy efficiency

Using energy more carefully and reducing wasteful consumption to lower overall energy use and pollution levels.

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Energy conservation

Behaviors aimed at reducing energy consumption, such as installing solar panels, insulating buildings, and using energy-efficient appliances.

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Nepal's energy resource management

Example of using micro-hydro plants to provide reliable and low-cost electricity in a country with limited fossil fuels and challenges in importing energy.