AP HUMAN GEO UNIT 7 VOCAB
1. Agglomeration: 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.
2. Ancillary activities: Economic activities that surround and support large-scale industries such as shipping and food service.
3. Backwash effects: The negative effects on one region that result from economic growth within another region.
4. Break-bulk point: A location where large shipments of goods are broken up into smaller containers for delivery to local markets.
5. Brick-and-mortar businesses: Traditional businesses with actual stores in which trade or retail occurs; they do not exist solely on the internet.
6. Bulk-gaining industries: Industries whose products weigh more after assembly than they did previously in their constituent parts. Such industries tend to have production facilities close to their markets.
7. Bulk-reducing industries: Industries whose final products weigh less than their constituent parts, and whose processing facilities tend to be located close to sources of raw materials.
8. Commodity dependence: When peripheral economies rely too heavily on the export of raw materials, which places them on unequal terms of exchange with more-developed countries that export higher-value goods.
9. Conglomerate corporation: A firm comprising many smaller firms that serve several different functions.
10. Core: National or global regions where economic power, in terms of wealth, innovation, and advanced technology, is concentrated.
11. Core-Periphery Model: A model of the spatial structure of development in which under- developed countries are defined by their dependence on a developed core region.
12. Cottage industry: An industry in which the production of goods and services is based in homes, as opposed to factories.
13. Deglomeration: The dispersal of an industry that formerly existed in an established agglomeration.
14. Deindustrialization: Loss of industrial activity in a region.
15. Development: The process of economic growth, expansion, or realization of regional resource potential.
16. E-commerce: Web-based economic activities.
17. Economic backwaters: Regions that fail to gain from national economic development.
18. Ecotourism: 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.
19. Export-processing zone: Area where governments create favorable investment and trading conditions to attract export-oriented industries.
20. Fast world: Areas of the world, usually the economic core, that experience greater levels of connection due to high-speed telecommunications and transportation technologies.
21. Footloose firms: Manufacturing activities in which the cost of transporting both raw materials and finished product is not important for determining the location of the firm.
22. Fordism: System of standardized mass production attributed to Henry Ford.
23. Foreign investments: Overseas business investments made by private companies.
24. Gender equity: A measure of the opportunities given to women compared to men within a given country.
25. Globalization: The idea that the world is becoming increasingly interconnected on a global scale such that smaller scales of political and economic life are becoming obsolete.
26. Gross domestic product: The total value of goods and services produced within the borders of a country during a specific time period, usually one year.
27. Gross National Product: The total value of goods and services, including income received from abroad, produced by the residents of a country within a specific time period, usually one year.