People make goods for themselves in this type of economy.
What is subsistence economy?
100
Production of an economic good (material or service).
What is industry?
100
Increase integration of national economies.
What is globalization?
200
proximity to input
What is an example of situation?
200
raw materials
What is primary?
200
East Asia, US/Canada and Europe
Where are industries located?
200
This helped the spread of globalization.
What is technology.
300
The region has several assets—centrality to the Canadian market, proximity to the Great Lakes, and access to inexpensive hydroelectric power from Niagara Falls.
What is the site of the region?
300
Businesses, industries and resources are privately owned.
What is capitalist economy?
300
Majority of income spent on workers.
What is a labor-intensive industry?
300
Higher levels of trade and different types of products.
What are the two factors why the world is again engaged in globalization?
400
The French portion of the Mid-Rhine region—Alsace and Lorraine—contains Europe’s largest iron-ore field and is the production center for two-thirds of France’s steel.
What is the region's situation?
400
Russia and China
What are communist countries?
400
proximity to market and cheap labor
What are two reasons why industry is expanding worldwide?
400
This started with the introduction of the steamship.
What is the first wave of globalization?
500
labor
What is the most important global site factor?
500
Tertiary and Quaternary
What economic activities are high-wage industries?
500
It is a bulk-gaining industry and would be cheaper.
Why build a factory near the market?
500
People are engaged in economic activities that uses resources from all over the world. Ex: To make the Mini Cooper, parts are made in 8 countries and assembled in Britain.
Why has the world become more economically interdependent?