Economic Sectors
Sector that provides services like, teachers, entertainment, & police.
Tertiary
What is the name of Roswell's stage 3?
Take-off
What does GNI stand for?
Gross National Income
What theory states that factories will place themselves in the most cost-efficient area based on transportation costs?
Weber's Least Cost Theory
What were some new inventions that came with the Industrial Revolution?
seed drill, mechanical reaper, steel plow, factories, steam engine, etc.
Sector that largely extracts raw materials
Primary
A country that is fully independent and is highly developed.
Core
What measure of development ranks countries on gender equality?
Gender Inequality Index (GII)
What term is used for when the raw materials weigh less than the final product?
Bulk Gaining
what is the term used to describe the de-escalation of industrial activity in an area?
deindustrialization
Sector of the top of society like CEO's and government officials.
Quinary
Periphery
What is the primary difference between GDP and GNP?
GNP records all value, including outside the borders, while GDP only records all value within the borders.
Would a factory be placed closer or further from the market if it were bulk-reducing?
Further
What stage of Rostow's stages of development is a country's industrial revolution?
stage 3/take-off
Sector that provides services that need a high level of education and skill like doctors and scientists.
Quaternary
What is the thoery that states that core countries create dependency in periphery and semi-periphery countries so they never prosper as well as core countries do.
Dependency theory
What measurment grades countries on factors like life expectancy, GDP, education, and literacy rates?
Human Development Index (HDI)
What is an area that gets delivered a bulk of goods and unpackages them to get shipped elsewhere called? for example: airports, railroad stations, and shipping docks.
Break of bulk points
what country was the first to industrialize?
Great Britain
Sector that mostly processes raw materials.
Secondary
What theory uses the percentage of a countries economy that is devoted to exports to predict its development level?
Commodity dependency theory
What country is ranked 1st in GII for 2024?
Iceland
What is the biggest factor that can strangely affect bulk gaining and bulk reducing?
fragility of product and or raw materials
What is the main reason countries became core countries faster than others?
they industrialized quicker