Human Development
Economics
Industrial Revolution
Vocabulary
Potpourri
200

In simple terms, the highest possible HDI score.

1.0

200

Primary, Tertiary, and Quinary are all examples of this type of societal organization.

Economic Sectors

200

The invention of the Steam Engine by this man, is known as a major catalyst of the industrial revolution.

James Watt

200

The reduction of time it takes for something to reach another place due to technological advancements in transport/communication.

Time-Space Compression

200

This process occurs when a minority group completely loses its original cultural traits as it adopts the customs of the dominant "host" society.

Assimilation

400

It's the 3 parts that determine the development of a country (in the HDI).

GNI, Life Expectancy, Schooling

400

This term describes the rapid, unrestricted expansion of housing and commercial development over large areas of land with little concern for urban planning.

Urban Sprawl

400

It's said by most historians that the Industrial Revolution began in this country.

United Kingdom

400

The clustering of industries in the same area to share specialized labor, infrastructure, and markets.

Agglomeration

400

In opposition to Malthus, he believed population growth drives agricultural development and technological innovation, rather than being limited by food supply .

Ester Boserup

600

This metric measures the loss of potential human development due to inequality between female and male achievements.

Gender Inequality Index (GII)

600

The minimum number of people required to support a business or service.

Threshold

600

Outside of his work in transportation, he also invented the assembly line!

Henry Ford

600

A location where goods are transferred from one mode of transport to another.

Break of Bulk Point

600

This term describes the number of people per unit of arable land.

Physiological Density

800

It's what PPP stands for.

Purchasing Power Parity

800

This discriminatory and now-illegal practice involved banks drawing lines on maps to refuse loans to people living in certain "risky" neighborhoods.

Redlining

800

Weber suggested this concept, which said that manufacturing plants locate where costs are lowest.

Least Cost Theory

800

Manufacturing activities where transport costs of raw materials/products are not crucial to location. Kick off your Sunday shoes!

Footloose Industry

800

Of the 5 stages of the Demographic Transition Model, it's the one with the most increase in population.

Stage 2

1000

These small-scale, low-interest investments are often given to women in developing countries to help start small businesses.

Microloans

1000

This explains how land price and demand decrease as distance from the CBD increases.

Bid-Rent Theory

1000

This industry was the first to use factory-based production.

Textiles

1000

A nation experiencing lower levels of industrialization and lower income per capita is known as this, also called an LDC.

Less Developed Country

1000

As said by Wallerstein, these "corner of your eye" countries provide raw materials and cheap labor to the wealthier Core nations.

Periphery

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