Unit 7 Quiz 2 AP HuG
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42 Terms
Human Centered; in sustainable development, this refers to ideas that focus solely on the needs of people without considering the creatures with whom we share the planet or the ecosystems upon which we depend.
Grouping together of many firms from the same industry in a single area for collective or cooperative use of infrastructure and sharing of labor resources
Traditional businesses with actual stores in which trade or retail sales occur; it does not exist solely on the Internet
A firm that is comprised of many smaller firms that serve different functions
deals with the psychological effects of scarcity. According to the theory, scarcity enhances the value (or desirability) of anything that can be possessed, is useful to its possessor, and is transferable from one person to another.
the ability of an individual, firm, or country to produce a good or service at a lower opportunity cost than other producers.
is a good whose use is related to the use of an associated or paired good
is a process used by firms to gather resources, transform them into goods or commodities, and finally, distribute them to consumers.
the dispersal of an industry that formerly existed in an established agglomeration.
Web (Internet) based economic activities
a form of tourism based on the enjoyment of scenic areas or natural wonders that aims to provide an experience of nature or culture in an environmentally sustainable way.
Manufacturing activities in which the cost of transporting both raw materials and finished product is not important for determining the location of the firm.
economic development, or growth, is not uniform over an entire region, but instead takes place around a specific pole.
The rapid economic and social changes in manufacturing that resulted after the introduction of the factory system to the textile industry in England at the end of the 1700s.
the process of industrial development in which countries evolve economically from producing basic, primary goods to using modern factories for mass-producing goods. At the highest levels of development, national economies are geared mainly toward the delivery of services and the exchange of information.
Method of inventory management made possible by efficient transportation and communication system, whereby companies keep on hand just what they need for near-term production, planning that what they need for longer-term production will arrive when needed.
A concept developed by Alfred Weber to describe the optimal location of a manufacturing establishment in relation to the costs of transport and labor and the relative advantages of agglomeration or deglomeration
Areas that have been specially designed to promote business transactions and thus have become centers for banking and finance.
An economy that de-emphasizes industry, preferring services instead.
the idea that people living today should be able to meet their needs without prohibiting the ability of future generations to do the same
areas devoted to research, development, and sale of high technology products; the networking and synergistic advantages of concentrating in these areas (with good universities and infrastructure) facilitate modern technological innovation (e.g., Silicon Valley, Boston).
sites of abandoned factories-deteriorating
buildings surrounded by weeds, marked by broken or boarded-up windows, and rusting metal.
small home-based businesses that made
goods
The name for Special manufacturing zones in Mexico
a US state that has passed legislation prohibiting employers from requiring employees to join a labor union as a condition of employment
the procedure of transferring cargo from one mode of
transportation to another.
the system of mass production that utilizes the assembly line
a changed system of employment in the various economic sectors throughout the world created by globalization
the physical characteristics of a place itself, including its landforms, climate, vegetation, water availability, soil quality, and natural resources, which directly influence human settlement and activity at that specific location
An industry in which the final product weighs more or comprises a greater volume than the inputs. Factories are usually located close to the market
contracting work to noncompany employees or other companies.
the characteristics of a place's surrounding area, particularly in relation to transportation routes, accessibility to other settlements, and the availability of resources, which significantly impact its development and economic viability
An industry in which the final product weighs less than the inputs.
an industry where a large portion of the production cost is attributed to the cost of human labor, meaning it requires a significant number of workers to operate
a shift from standardized mass production to more flexible, adaptable production methods.
the portion of the economy that is monitored by government, so people in it follow regulations and pay taxes
To signal its prominence and wealth, a corporation might want
to locate its main office for its top executives on the expensive upper floors of a skyscraper in a large city.
when the company decides to locate the
rest of its employees in less expensive office spaces
A region in which manufacturing activities have clustered together
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