Industries
Who is James Watt?
A Scottish Inventor who improved Thomas Newcomen's steam engine.
When did mass tourism begin?
In the 1950s.
What does GDP stand for?
Gross Domestic Product
What is NAFTA?
North American Free Trade Agreement
Define the Tertiary Sector.
Known as the service industry includes all economic activities which do not produce material goods, but services to people.
Give two advantages of the industrial revolution
Goods were cheaper, more jobs, increase in quality of life, information spread, world became smaller, rise of large cities
Name three types of tourism
Rural
Cultural
Business
Religious
Mountain
Waterside
What is a low skilled service?
Requires few qualifications
What are new forms of sale in trade?
- Self service
- Large retail shops
Give three examples of tertiary sector
Tourism
Transport
Commerce
Education
Health Care
...... many more!!
Give three disadvantages of the Industrial Revolution.
Pollution, exploitation, long working hours, bad working conditions, wars, low salaries, social divide...
What are the principal causes of tourism? Give two.
1) Paid holidays
2) Improvement of transport
3) Increase of standard of living
4) Increase of tourism companies
What does a skilled service require?
professional training
What is free trade?
Economic policy that reduces barriers of trade (no taxes/tariffs on imported goods)
What are some solutions to mass tourism?
Tourism policies, education, social awareness
What is outsourcing/delocalisation?
Moving factories to developing countries where production costs are lower.
What are the three origins of tourism?
1) Herodotus
2) Grand tour
3) Velazquez
What is the name of the sector where highly skilled services are placed?
Quaternary Sector
What are the two types of markets? Describe them.
Physical markets - merchandise is present e.g. shops
Abstract markets - no present merchandise e.g. stock exchanges
What is transport's affect on tourism?
Improvement of transport and decrease in prices = faster and cheaper holidays!!!
What is the difference between Heavy Industry (Production Goods Industry) and Light Industry (Consumer Goods Industry)?
Heavy - Produce goods that cannot be consumed directly e.g. "steel", "concrete"
Light - Produce goods that can be consumed directly e.g. "food", "cars", "furniture", "electrical appliances"
What are the consequences of tourism? Give two.
Economic
Demographic
Social - diversity/loss of culture
Environmental - climate change, overuse of water
What is the difference between the aims of private and public services?
Private = To earn economic profit
Public = To guarantee social welfare
Domestic trade is broken down into two areas: what are they?
1) Wholesale - when large amounts of products are bought to sell to small shops
2) Retail - sells directly to the consumer
What is renewable energy? Give two examples
Hydroelectric, Solar, Wind, Biomass, Geothermal, Wind/tidal