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27 Cards in this Set
- Front
- Back
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Growth ultimately depends upon
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Global economy
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What is the current relationship between global productiona dn consumption?
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Manufactured goods have increased more rapidly than the demand
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why has demand slowed dwon in MDCs?
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wages have not risen as fast as prices in the last 2 decades
2. market saturation- purchases are for replacing things, not buying for 1st time |
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Identify the major problems in MDC vs. LDCs
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MDC geographical issues, protect market form new competetors, LDCs- must identify new markets
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Trading blocs
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a group of neighboring countri3es that promote trade w/ eachother
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NAFTA
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North Atlantic Free tTrade Agreement
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European Union
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Eliminated most trade barriers to trade through western Europe
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Problems in LDCs (old problems)
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distance from makrets- far from MDX's
Invested scarce resources in constructing and susingin transprotation facilities 2. in adequate infrastructure |
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Problems in LDC's (new problems)
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1.forced to sell to own people
2.lack of raw material acess 3. cite factor- cheap abundant labor |
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New International division of labor
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operations that require highly skiled workers remain in factories in MDCs
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Central place
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market center for the exchange fo goods and services by people attracted by surrounding areas
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theory definition
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explains how services are distributed and why regular pattern of settlements exists
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inventor
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perosn who makes sometihng new to make a job easier or more economical
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hinterland
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makeret area (area surrounding service)
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why does the C.P. theory use hexagons vs. circles or squares
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Becasue it cannot overlape or have gaps, Circles overlpa, and squares no raius (measures bary
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range
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maximum distance people are willin to travel to use a serviece
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Range is measured in
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time and distance
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Threshold
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minimum number of people needed to supporta business
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Market area analisis
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used to determine if marketing areal works
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what is the optimal location for a business to maximised profit/
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15 minute travel radius, count peopel within radiuse, if above 5000 people, or threshold, then that place is ideal
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Typical threshold for department stores
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2500 people
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location of linear settlemigns.
(best location figured using the ___________ _________ |
gravity model
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Gravity model
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predicts that thte optimal location of a sercvis is directly related to the number of people in the area
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Principle of nesting markets in MDCs
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Marketing areas across MDC are hexagons of different sizes unless acted aon by topography: mtn, river
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Rank size rule
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Country's Nth largest settlemnet is in the 1/n the population of the largest settlement
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what does having a rank size distribution say about the quality of the country's inhabitants?
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society is sufficently wealthy, goods and services for people
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Primate city rule
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The largest settlements has more than twice as many people as the sexcond
(paris, UK,) |
