Geo: Chapter 10 - Economic Geography-Manufacturing and Services

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4 Terms

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Planned economies

A system of the production of goods and services, usually consumed or distributed by a government agency, in quantities and at prices determined by government programs.

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Secondary activities

The part of the economy involved in the processing of raw materials derived from primary activities; includes manufacturing, construction, power generation.

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Manufacturing industries

It is part of the secondary activities where primary goods are being manufactured in industries.

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Weber’s least-cost theory

A model that locates three fundamental costs for a buisness which are: transportation, labor and agglomeration.