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6 Cards in this Set
- Front
- Back
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Economic sector
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division of economy based on type of economic activity
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GDP
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gross domestic production
measured in usd or per capita shows total wealth of country (import/export) |
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limitations of gdp
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implies all parts of country are equal/can't show contrast
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UK
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Services 81% dominate - make country wealthy
Much of the population lives in urban areas Industry was dominant 50 years ago (40%) but now is more mechanised and global shift of manufactering moved industries from HICs to MICs |
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pre-industrial
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agricultural dominant
limited technology and capital cottage industries (farming areas) little cash crops MORE EFFICIENT AND PRODUCTIVITY INCREASE |
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Industrial
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RU migration increase, few farmers left so PRI SECT decrease
Mechanised industry Workers |
