7.1 Industrial Rev
What are raw materials?
Basic substances needed to manufacture finished goods.
Explain what the primary, secondary, and tertiary sector do
Primary: extracting raw materials
secondary: making products from natural resources
tertiary: providing info and services to people
What does per capita mean?
Amount per person
What do microfinance or microcredit programs do for women?
Provide loans to women to start or expand a business
What is complementarity?
When a country has a good or service that another country desires.
What are rust belts?
What is the difference in location between a bulk gaining and a bulk reducing industry
Bulk gaining are near market
Bulk reducing are near raw materials
What is a literacy rate?
Percentage of the population that can read and write
What does a non governmental organization do to help women?
Empower women to find jobs outside the home
What is comparative advantage?
The ability for a country to produce a good or service at a lower cost than others.
Where is the industrial belt?
Northeastern and midwestern U.S.A, Europe, Russia, Japan.
What is containerization?
Goods being loaded onto a standardized shipping unit
What is life expectancy?
Number of years a person is expected to live
According to Rostows Stages of Development, what stage are we in?
High mass consumption
What do free trade policies do?
Reduce barriers to trade
What does deindustrialize mean?
Decreasing reliance on manufacturing jobs?
What is a break of bulk point
Transferring a container from one mode of transportation to another
What is the Gini Coefficient or the Gini Index
Distribution of income within a population. The higher the number, the higher the amount of income inequality.
What type of model is Wallersteins World Systems theory?
What is the difference between a basic and a non basic economy?
Basic brings new wealth into the region while non basic recirculates wealth.
What is a cottage industry?
Small, home based businesses making goods.
What is the multiplier effect?
The potential of a job to produce additional jobs
What is the purchasing power parity? (PPP)
A measure of what similar goods cost in different countries.
What percentage of your exports must be raw materials to be considered commodity dependent?
60 - 80%
What is a techno pole?
A hub for information based industry and high tech manufacturing.