Trade
A factory that assembles automobiles using imported steel is part of which sector?
What is the secondary sector?
This theory explains why industries locate where they do.
What is industrial location theory?
Wealthy countries are located in this part of the model.
What is the core?
AI and automation are part of this revolution.
What is the Fourth Industrial Revolution?
Which economic system is most closely associated with government ownership of resources and centralized planning?
What is a command economy?
In July 2023, China exported 80.6 billion dollars worth of goods and services more than it imported. China exporting more than it imports is an example of which of the following terms?
What is a trade surplus?
Industries that lose weight during production locate near this.
What is the resource?
Poor countries are located in this part of the model.
What is the periphery?
This sector includes decision-makers and leaders.
What is the quinary sector?
The government regulates industries but private businesses exist
What is a mixed economy?
Goods and services shipped into the country to be purchased.
What are imports?
Industries that gain weight locate near this.
What is the market?
Peripheral countries often depend on this economic sector.
What is the primary sector?
This sector is the most impacted by automation.
What is the secondary sector?
Early industrial factories were often located near this resource.
What is the water?
The Government taking a "Hands Off" approach to ALL Economic issues,.
What is a market system?
Free Market System also acceptable
Companies locate near each other to reduce costs and share resources—this is called this.
What is agglomeration?
Outsourcing often moves jobs from core to this region.
What is periphery?
Jobs requiring high education are in this sector.
What is the quaternary sector?
Movement of people from rural to urban areas is called this
What is urbanization?
______________________Occurs when more than 60% of a country's total merchandise export earnings come from primary goods?
What is commodity dependence?
Transportation costs are a key factor in this theory.
What is industrial location theory?
This model explains why some countries stay poor.
What is core-periphery model?
This revolution is changing how goods are produced and services delivered.
What is the Fourth Industrial Revolution?
A country moving from periphery to core is experiencing this.
What is development?