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15 Cards in this Set
- Front
- Back
Agglomeration |
Process involving the clustering or concentrating of people/activities.often refers to manufacturing plants and businesses that benefit from close proximity because they share skilled labor pools and technological and financial amenities McKinna Copple |
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Break-of-bulk theory |
Location along a transport route where goods must be transferred from one carrier to another. In a port cargoes of ships are unloaded and put on trains and trucks for inland distribution McKinna Copple |
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Commodification |
The process through which something is given monetary value McKinna Copple |
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Commodity theory |
The scarcer something is, the more desirable it becomes McKinna Copple |
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Comparative advantage |
The ability to produce a good at a lower opportunity cost than another producer McKinna Copple |
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Deindustrialization |
A phenomenon characterized by a share of total employment falling dramatically in more developed countries McKinna Copple |
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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 McKinna Copple |
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Flexible production system |
A system of industrial production characterized by a set of processes in which the components of goods are made in different places around the globe and then brought together as needed to meet customer demand McKinna Copple |
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Fordist |
Highly organized and specialized system for organizing industrial production and labor. Named after automobile producer Henry Ford, fordist production features assembly line production of standardized components for mass consumption McKinna Copple |
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Friction of distance |
Increase in time and cost that usually comes with increasing distance McKinna Copple |
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Gender empowerment measure (GEM) |
Compares the ability of men and women to participate in economic and political decision making McKinna Copple |
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Gender inequality index (GII) |
A measure of the extent of each country’s gender inequality McKinna Copple |
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Global division of labor |
Phenomenon whereby corporations and others can draw from labor markets around the world McKinna Copple |
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Globalization |
The expansion of economic political and cultural processes to the point that they become global in scale and impact McKinna Copple |
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Growth pole |
A point of economic growth, usually an urban location, benefitting from agglomeration economies, and interacting with surrounding areas spreading wealth from the core to the periphery |