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AP HUG Unit 7 Terms
Unit 7 Vocab Terms.
Directions: Define the terms below for unit 7.
Industrialization: The establishment of industries focused on manufacturing goods.
Deindustrialization: The reduction of industrial activity, often shifting towards service-based economies.
Free Trade Zone: A designated area where goods can be traded without customs regulations.
GDP (Gross Domestic Product): The monetary value of all goods and services produced within a nation's borders.
GNP (Gross National Product): The monetary value of all goods and services produced by a nation's citizens, including overseas contributions.
GNI (Gross National Income): The total income earned by a nation’s residents, including international earnings.
Break of Bulk Point: A location where goods are transferred between different modes of transportation.
Microloan: A small-scale loan provided to support entrepreneurship, particularly in developing regions.
Comparative Advantage: The ability to produce goods or services more efficiently and at a lower opportunity cost than others.
Growth Poles: Areas of concentrated economic activity that stimulate regional development.
Outsourcing: The delegation of tasks or services to external organizations or individuals.
UN SDGs (United Nations Sustainable Development Goals): A set of global objectives established by the United Nations to promote sustainable development.
Human Development Index (HDI): A metric used to evaluate a country’s development based on life expectancy, education, and income per capita.
Gender Inequality Index (GII): A measure of disparities between genders in areas such as health, empowerment, and labor participation.
Ecotourism: Tourism that focuses on environmental conservation and benefiting local communities.
Primary Economic Sector: Activities involving the extraction of natural resources, such as agriculture, fishing, and mining.
Secondary Economic Sector: Activities that transform raw materials into finished products through manufacturing.
Tertiary Economic Sector: The provision of services to consumers and businesses, including retail and education.
Quaternary Economic Sector: Information-based services, such as research, technology, and data management.
Quinary Economic Sector: High-level decision-making roles often found in government, education, or healthcare.
Core Country: Economically and politically dominant nations with advanced infrastructure and high levels of development.
Semi-Periphery Country: Nations that exhibit characteristics of both developed and developing economies.
Periphery Country: Economically dependent nations with less development and limited global influence.
Postindustrial Economy: An economy primarily focused on services and technology rather than manufacturing.
Dependency Theory: A theory suggesting that developed nations maintain control over less developed nations through economic dependencies.