Vocabulary
A central place is a
market center.
This theory states that all countries develop along the same path, outlined with specific steps.
Rostow's Stages of Growth
a manufacturing process in which individual parts of a product are assembled in a sequential manner
Assembly line
the full range of activities involved in the production, processing, distribution, and consumption of a product.
A commodity chain
What causes women to make less overall then men
Wage inequality
is at least twice as large as the next smaller city
primate city
a structural theory of economic development that explains how the global economy is divided into a core, a periphery, and a semi-periphery.
Wallerstein's World Systems Theory
The 2nd Agricultural Revolution refers to
a period of significant agricultural development marked by innovations in farming techniques and equipment.
the process of reducing or eliminating industrial activity in a region, often leading to a decline in manufacturing jobs and economic shifts toward service-based economies.
Deindustrialization
What tends to improve women’s social and economic status within a country
economic development
Development of new housing sites not contiguous to the existing built-up area is called
Sprawl
LDCs are highly dependent on foreign factories and technologies from MDCs to provide employment and infrastructure. The LDCs in this theory get stuck in the continuous cycle of dependency on the MDCs which never allow their economies to fully develop.
The Dependency Theory
a country establishes control over foreign territories, often through the settlement of its own population, resource extraction, and cultural imposition.
Colonization
regions that are often economically and politically disadvantaged compared to more developed areas
Periphery regions
a geographic concept that compares the ability of women and men to participate in economic and political decision making
Gender Empowerment Measure
The process of legally adding land area to a city in the United States is
annexation
This term describes when more than 60% of a country's exports are made up of raw materials.
Commodity Dependence
a revolutionary manufacturing technique developed by Henry Ford that emphasized assembly line production, allowing for mass production of goods at lower costs.
The Ford Process
the sector of the economy that focuses on knowledge-based activities involving services such as research, development, financial planning, education, and information technology.
Quaternary production
what provides financial opportunities for women to start their small businesses
Microloans
The area surrounding a service from which customers are attracted is the
hinterland
This is the term for the belief that open markets, free trade, and minimal government regulation will lead to economic prosperity for everyone.
Neoliberalism
an economic theory and practice that dominated European economic policy from the 16th to the 18th centuries, emphasizing the importance of stockpiling precious metals and maintaining a favorable balance of trade.
Mercantilism
the economic sector that involves high-level decision-making and specialized knowledge, typically including activities such as research, education, healthcare, and management.
Quinary production
What is a potential draw back to microloans
Debt cycles