Industrialization and Economic Development

Flashcards for Unit 7 covering industrialization, economic development, and related concepts.

Great Britain was the hearth of the __ century Industrial Revolution.

18th

The __ Revolution facilitated the growth and diffusion of industrialization.

Industrial

The process of using machines and large-scale processes to convert raw materials into manufactured goods is called __.

Industry

Cottage industries depended heavily on __ labor.

human

The replacement of cottage industry with __ production reshaped where people lived and how they interacted spatially.

factory

The __ effect refers to the potential of a job to produce additional jobs.

multiplier

Countries classified as __ are more reliant on producing raw materials than on industry.

periphery

The __ economies of scale occur when businesses produce at a lower cost by increasing output and efficiency.

economies of

The __ Index combines economic measures with social measures to evaluate countries' development status.

Human Development

The term for a manufactured good that is produced in regions with lower labor costs is __ production.

offshore

The __ Gap refers to the disparities between men and women in various socioeconomic aspects.

Gender

The __ Theory describes the economic and political relationships between core, semi-periphery, and periphery countries.

World Systems

__ received significantly lower wages and faced more exploitation in labor compared to their male counterparts in many sectors.

Women

The __ effect can result in wealth concentration, thus creating inequalities in income distribution.

backwash

Countries that produce most of the world’s manufactured goods are often classified as __ countries.

core

The three main sectors of the economy include primary, secondary, and __ sectors.

tertiary

The __ sector primarily involves the extraction of natural resources.

primary

Commonly used to measure economic performance, the __ Product measures the total value of goods and services produced within a country in a given year.

Gross Domestic

The __ effect describes how urban areas can benefit from high-tech job creation, which can lead to new economic development.

growth pole

Sustainability in development focuses on using resources __ while preserving environmental health.

responsibly

Population growth and resource extraction often lead to __ in countries that heavily utilize natural resources.

depletion