economic sectors
jobs that extract natural resources
what is the primary sector
the level economic, social, and technological progress
what is development
countries develop in 5 stages from traditional to high mass consumption
what is rostow's model
increasing connections between countries worldwide
what is globalization
businesses clustering together for shared benefits
what is agglomeration
jobs the manufactuary good (factories)
what is the secondary sector
the measure of a country's economic output per person
what is gross domestic product (GDP)
wealthy, powerful, industrialized, areas
what is a core region
hiring companies in another country to do work
what is outsourcing
cost of hiring workers
what is labor costs
jobs that provide services (retail, restaurants)
what is the tertiary sector
what is gross domestic product (GDP) per capita
poorer, less developed areas
what is a periphery region
moving business operations to another country
what is offshoring
industry where product is heavier after production
what is bulk gaining industry
jobs involving information and technology (finance, IT)
measures health, education, and income of a population
what is human development index (HDI)
middle-level development between core and periphery regions
what is a semi-periphery region
loss of manufacturing jobs in a region
what is deindustrialization
industry where raw materials are heavier than the final product
what is bulk reducing industry
jobs involving high-level decision making (CEO's, government)
what is the quaternary sector
measures inequality between men and women
what is gender inequality index (GII)
what is the world systems theory
area with special rules to distract foreign investment
what is a special economic zone (SEZ)
cost of moving goods and materials
what are transportation costs