Economic Sectors
This sector includes knowledge-based work like research and IT.
What is the quaternary sector?
The shift of manufacturing from developed countries to developing countries.
What is outsourcing?
This sector involves manufacturing and turning raw materials into finished products.
What is the secondary sector?
This model explains how location decisions are made to minimize transportation, labor, and agglomeration costs.
What is Weber’s Least Cost Theory?
This sector includes high-level decision-making roles like CEOs and government leaders.
What is the quinary sector?
A geographic cluster of related industries and services.
What is an agglomeration?
This sector involves providing services like retail, healthcare, or education.
What is the tertiary sector?
This is the process by which economies become interconnected and interdependent.
What is globalization?
This sector involves extracting natural resources like farming and mining.
What is the primary sector?
This term describes the shift from manufacturing jobs to service-based jobs in more developed countries.
What is deindustrialization?