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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 |
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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. |
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Commodification |
The process through which something is given monetary value |
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commodity theory |
the scarcer something is, the more desirable it becomes |
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comparative advantage |
the ability to produce a good at a lower opportunity cost than another producer |
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Deindustrialization |
A phenomenon characterized by a share of total employment falling dramatically in more developed countries |
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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 |
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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 consumer demand |
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Fordist |
highly organized and specialized system or organizing industrial production and labor. Named after automobile producer Henry Ford, fordist production features assembly line production of standardized components for mass consumption |
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friction of distance |
increase in time and cost that usually comes with increasing distance |
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Gender Empowerment Measure |
compares the ability of men and women to participate in economic and political decision making |
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Gender Inequality Measure |
A measure of the extent of each country’s gender equality |
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global division of labor |
phenomenon whereby corporations and others can draw from labor markets around the world |
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Globalization |
The expansion of economic, political, and cultural processes to the point that they become global in scale and impact |
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growth pole |
A point of economic growth, usually an urban location, benefiting from agglomeration economies, and interacting with surrounding areas spreading wealth from the core to the periphery |