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23 Cards in this Set

  • Front
  • Back
Agglomeration
Grouping together of many firms from the same industry in a single area for collective or cooperative use of infrastructure and sharing of labor resources.
Ancillary activites
Economic activites that surround and support large-scale industries such as shipping and food service.
Anthropocentric
Human-centered; in sustainable development, this refers to ideas that focus solely on the needs of people without considering the creatures with whom we share the plant or the ecosystems upon which we depend.
Backwash effect
The negative effects on one region that result from economic growth within another region.
Break-bulk point
A location where large shipments of goods are broken up into smaller containers for delivery to local markets.
Bulk gaining industries
Industries whose products weigh more after assembly than they did previously in their constituent parts. Such industries tend to have production facilities close to their markets.
Bulk reducing industries
Industries whose final products weigh less than their constituent parts, and shoe processing facilities tend to be located close to sources of raw materials.
Conglomerate corporation
A firm that is comprised of many smaller firms that serve several different functions.
Economic backwaters
Regions that fail to gain from national economic development.
Ecotourism
A form of tourism, based on the enjoyment of scenic areas or natural wonders, that aims to provide an experience of nature or culture in an environmentally sustainable way.
Gross Domestic Product
The total value of goods and services produced within the borders of a country during a specific time period, usually one year.
Gross National Product
The total value of goods and services, including income received from abroad, produced by the residents of a country within a specific time period, usually one year.
Human Development Index
Measure used by the United Nations that calculates development not in terms of money or productivity but in terms of human welfare. Evaluates human welfare based on three parameters: life expectancy, education, and income.
Net National Product
A measure of all goods and services produced by a country in a year, including production from investments abroad, minus the loss or degradation of natural resource capital as a result of productivity.
Primary economic activities
Economic activities in which natural resources are made available for use or further processing, including mining, agriculture, forestry, and fishing.
Purchasing Power Parity
A monetary measurement of development that takes into account what money busy in different countries.
Quaternary economic activities
Economic activities concerned with research, information gathering, and administration.
Quinary economic activities
The most advanced form of quaternary activities consisting of high-level decision making for large corporations or high-level scientific research.
Rostow's stages of development
A model of economic development that describes a country's progression which occurs in five stages transforming them from least-developed to most-developed countries.
Secondary economic activities
Economic activities concerned with the processing of raw materials such as manufacturing, construction, and power generation.
Service-based economies
Highly developed economies that focus on research and development, marketing, tourism, sales, and telecommunications.
Tertiary economic activities
Activities that provide the market exchange of goods and that bring together consumers and providers of services such as retail, transportation, government, personal, and professional services.
World-systems theory
Theory developed by Immanuel Wallerstein that explains the emergence of a core, periphery, and semi-periphery in terms of economic and political connections first established at the beginning of exploration in the late 15th century and maintained through increased economic access up until the present.