AP Human Geography Chapter 5 Industry Vocabulary

28 August 2022
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Economic sectors
Economic sectors
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Comprised of 4 sectors (primary, secondary, tertiary, and quaternary.) The primary sector of the economy extracts or harvests products from the earth. The secondary sector of the economy manufactures finished goods. All of manufacturing, processing, and construction lies within the secondary sector. The tertiary sector of the economy is the service industry. The quaternary sector of the economy consists of intellectual activities. Ex: Farming industry, or Service Industry
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Industrialization
Industrialization
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The process in which a society or country (or world) transforms itself from a primarily agricultural society into one based on the manufacturing of goods and services. Ex: Industrial Revolution
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Market
Market
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The area surrounding a central place, from which people are attracted to use the place's goods and services. Ex: Market
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Natural resources
Natural resources
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Materials or substances such as minerals, forests, water, and fertile land that occur in nature and can be used for economic gain. Ex: Coal, oil, natural gas
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Raw materials
Raw materials
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A basic material that is used to produce goods, finished products, energy, or intermediate materials which are feedstock for future finished products. Ex: Crude oil
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Innovation
Innovation
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The action, process, or idea of innovating. Ex: Brand-new technology
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Enclosure
Enclosure
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An area that is sealed off with an artificial or natural barrier. Ex: The Enclosure Movement
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Labor
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Work, especially hard physical work. Ex: Working in the plantations, or picking cotton
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Textiles
Textiles
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Types of cloth or woven fabric. Ex: Bullet proof vests consisting of woven fabrics
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Cottage industries
Cottage industries
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An industry—primarily manufacturing—which includes many producers, working from their homes, typically part time. Ex: Weaving, pottery, etc.....
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Agglomeration
Agglomeration
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A mass or collection of things; an assemblage. Ex: Clustering of automobile manufacturing
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Core
Core
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Countries that are not as developed as those considered in the periphery. Ex: Sub-Saharan Africa
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Periphery
Periphery
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The more developed countries. Ex: Germany, or Russia
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Semi-periphery
Semi-periphery
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Above the core level, but a great deal below the periphery. Ex: Algeria
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Colonialism and imperialism
Colonialism and imperialism
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Colonialsim- The policy or practice of acquiring full or partial political control over another country, occupying it with settlers, and exploiting it economically. Imperialism- A policy of extending a country's power and influence through diplomacy or military force. Ex: Sicily
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Globalization
Globalization
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A process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. Ex: Internet
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International trade
International trade
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International trade is the exchange of capital, goods, and services across international borders or territories, which could involve the activities of the government and individual. In most countries, such trade represents a significant share of gross domestic product (GDP). Ex: NAFTA
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Labor costs
Labor costs
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The sum of all wages paid to employees, as well as the cost of employee benefits and payroll taxes paid by an employer. The cost of labor is broken into direct and indirect costs. Ex: Employees in Business
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Market costs
Market costs
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The total cost associated with delivering goods or services to customers. Ex: Revenue ranges in company
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Transportation costs
Transportation costs
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The expenses involved in moving products or assets to a different place, which are often passed on to consumers. Ex: Cost to bring product to a market
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Trade blocs
Trade blocs
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A type of intergovernmental agreement, often part of a regional intergovernmental organization, where regional barriers to trade, (tariffs and non-tariff barriers) are reduced or eliminated among the participating states. Ex: NAFTA trade blocs
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Bulk-gaining production
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Finished product weighs more than the raw materials. Ex: Copper, or steel
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Bulk-reducing production
Bulk-reducing production
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A production where the import weighs more than the final product. Ex: Potato chip industry
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Friction of Distance
Friction of Distance
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The notion that distance usually requires some amount of effort (energy) and/or money to overcome. Ex: Shopping centers, reservoirs
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Comparative advantage
Comparative advantage
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An economic law that demonstrates the ways in which protectionism (mercantilism, at the time it was written) is unnecessary in free trade. Ex: Economy and taxation involving England and Portugal
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Complementarity
Complementarity
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When two regions, through trade, can specifically satisfy each other's demands. Ex: Migration to a distant destination
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Consumption patterns
Consumption patterns
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The consumption of fuel or natural resources is the amount of them that is used or the act of using them. Ex: NAFTA, maquiladoras
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Deindustrialization
Deindustrialization
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A process of social and economic change caused by the removal or reduction of industrial capacity or activity in a country or region, especially heavy industry or manufacturing industry. Ex: Information based business
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Tourism
Tourism
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The commercial organization and operation of vacations and visits to places of interest. Ex: Tourists in Cozumel
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Free trade zones
Free trade zones
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Set up generally in developing countries by their governments to promote industrial and commercial exports. Ex: NAFTA
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Interdependence
Interdependence
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Mutual dependence at a global level. Ex: Mexico relies on the U.S.
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NAFTA
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North American Free Trade Agreement Ex: Trade between U.S. Canada, and Mexico
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Newly industrialized countries (BRICs)
Newly industrialized countries (BRICs)
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A socioeconomic classification applied to several countries around the world by political scientists and economists. Ex: South Africa
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Pollution
Pollution
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The presence in or introduction into the environment of a substance or thing that has harmful or poisonous effects. Ex: Pollution in the U.S.
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Special economic zones
Special economic zones
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A generic term to refer to only one modern economic zone. In these zones business and trades laws differ from the rest of the country. Ex: Industry in China (SEZ)
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Standards of living
Standards of living
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The level of wealth, comfort, material goods and necessities available to a certain socioeconomic class, in a certain geographic area. Ex: Russia is economically developed (income)
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Sustainable development
Sustainable development
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A process for meeting human development goals while maintaining the ability of natural systems to continue to provide the natural resources and ecosystem services upon which the economy and society depend Ex: Biological control of dengue mosquitos
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Economic restructuring
Economic restructuring
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The phenomenon of Western urban areas shifting from a manufacturing to a service sector economic base. Ex: 1973 oil crisis
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International division of labor
International division of labor
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In economics the new international division of labor (NIDL) is an outcome of globalization. Ex: China, Vietnam, and India
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Manufacturing zones
Manufacturing zones
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A feature of economic development in peripheral countries whereby the host country establishes areas with favorable tax, regulatory, and trade arrangements in order to attract foreign manufacturing operations Ex: Free Trade Zones
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Maquiladoras
Maquiladoras
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A manufacturing operation in Mexico, where factories import certain material and equipment on a duty-free and tariff-free basis for assembly, processing, or manufacturing and then export the assembled, etc...... Ex: Trade between U.S, and Mexico
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High technology industries
High technology industries
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The sector approach classifies industries according their technology intensity, product approach according to finished products. Ex: American Electronic Association
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Service sector
Service sector
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The third of the three economic sectors. Ex: Tertiary sector
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Outsourcing
Outsourcing
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An arrangement in which one company provides services for another company that could also be or usually have been provided in-house. Ex: Design, supply, marketing
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Formal economy
Formal economy
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The economy that focuses on legal trade, etc...... Ex: Legal imports/exports
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Informal economy
Informal economy
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The economy that focuses on illegal trade, etc...... Ex: Illegal drug trade, weapon smuggling, etc......
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Gross national product
Gross national product
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The market value of all the products and services produced in one year by labor and property supplied by the citizens of a country. Ex: Mexico 1.971 trillion PPP dollars
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Per capita Gross National Income
Per capita Gross National Income
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Gross national income (GNI) converted to international dollars using purchasing power parity rates. India: 4,650
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Measures of Development (in class)
Measures of Development (in class)
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A numerical measure of quality of life in a country. Ex: Russia: Highly developed
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3-tier structure
3-tier structure
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System created by Emmanuel Wallerstein Ex: Core, semi-periphery, periphery
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Wallerstein's World Systems Theory
Wallerstein's World Systems Theory
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Theory originated by Immanuel Wallerstein and illuminated by his three- tier structure, proposing that social change in the developing world is inextricably linked to the economic activities of the developed world. Ex: Core, semi-periphery, periphery
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Rostow's Stages of Economic Growth
Rostow's Stages of Economic Growth
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One of the major historical models of economic growth. It was published by American economist Walt Whitman Rostow in 1960. Ex: takeoff
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Social welfare
Social welfare
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The provision of a minimal level of well-being and social support for all citizens, sometimes referred to as public aid. Ex: Support for citizens after wars
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Human trafficking
Human trafficking
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The illegal movement of people, typically for the purposes of forced labor or commercial sexual exploitation. Ex: Nasreen
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Foreign debt
Foreign debt
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The total debt a country owes to foreign creditors. Ex: Argentina's debts
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Structural adjustment loans
Structural adjustment loans
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A type of loan to developing countries. Ex: Argentina!
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World Bank
World Bank
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An international financial institution that provides loans to developing countries for capital programs. Ex: Helping Argentina!
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International Monetary Fund
International Monetary Fund
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An international organization headquartered in Washington, D.C., of "188 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world. Ex: Helping Africa through the crisis
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Vectored diseases(access to healthcare)
Vectored diseases(access to healthcare)
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The term commonly used to describe an illness caused by an infectious microbe that is transmitted to people by blood-sucking arthropods. Ex: Mosquitoes in Sub-Saharan Africa
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Human Development Index
Human Development Index
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A composite statistic of life expectancy, education, and income per capita indicators, which are used to rank countries into four tiers of human development. Ex: Mexico's HDI: 0.595
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Gender
Gender
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The state of being male or female (typically used with reference to social and cultural differences rather than biological ones). Ex: Male, or female!
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U.N. Millennium Goals
U.N. Millennium Goals
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The 8 goals the U.N. has for development. Ex: Achieve primary education