Economic Sectors
Primary Structure:
Jobs and activities that involve extracting natural resources
Example farmer, miner, fisher, Etc.
Secondary structure:
Jobs and activities that Take products from primary structure and turn them into goods
Example construction worker
Tertiary Structure:
Jobs and activities that provides services for other individual
Example,Lawyer
Quaternary structure:
Jobs and activities that acquire process and share information
Example, journalist
Quinary Structure:
Jobs and activities that revolve around making decisions
Example, CEO of company, president, etc.
preindustrial: primary jobs are most common here
Industrialization: secondary and tertiary jobs start to rise while primary jobs lower
Post industrialization: tertiary jobs are most common here in secondary jobs start to lower
Classifying countries
Core countries: countries with the most advanced economies and highest standard of living
Semi periphery countries: countries that have emerging economies that are industrializing
Periphery countries: countries that rely heavily on the exportation of resources, not industrialized or industrializing
Alfred Webber’s least cost theory
theory of industrial location
Theory talks about how the location of an industry is influenced by the transportation cost labor cost, and agglomeration
Transportation cost are our shipping costs connected to moving over resources and materials for producing a good and shipping the final product to a market
Labor cost or cost that come from workers producing the product itself
agglomeration It is the clustering of different economic activities in industries in a specific geographic areaLocated in transportation region
whether the product is a bulk gaining good or a reducing good can affect how far the industry is from the retail location
vocab
Break of Bulk point: a location where goods are transfer from one model transportation to another
Multi national corporation: accompany that has business operations, and at least one country other than it’s home country
Bulk Reducing good: a product that becomes lighter and easier to transport as production occurs; have heavy and bulky raw resources that are used in the Production of the good
Book Gaining good: a product that becomes heavier, more difficult to transport as production occurs; raw materials are normally lighter