unit 7 ap human geography

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weber’s least cost theory model

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48 Terms

1

weber’s least cost theory model

  • agglomeration - clustering of different activities in an area to benefit themselves

  • minimizing transportation costs

  • minimizing labor costs (cost of production)

explains key decisions made by businesses

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2

bulk reducing goods

  • good that as production happens, gets lighter and easier to transport

  • closer to resources

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3

bulk gaining goods

  • as production happens, gets harder to transport because of the increasing weight

  • closer to market

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4

core countries

  • most advanced economies

  • highest standard of living

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5

semi-periphery countries

  • emerging economies'

  • still industrializing

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6

periphery countries

  • rely on exports of raw goods to more economically developed countries

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7

multinational corporation

  • exploiting or benefitting from an economic labor force

  • business in at least one other country than its home country

  • ex. google, apple

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8

formal economy

  • recognized by law

  • ex. teachers, doctors, police

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9

informal activities

  • not regulated or protected by the government

  • ex. unregistered small business, street vendors

  • squatter settlements have more of this due to less govt support

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10

gross domestic product GDP

  • total value of all goods and services produced within a country’s borders

  • economy growth inside boundaries

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11

gross national product Gnp

  • total economic output produced by a country’s residents and businesses

  • includes citizens in a different country

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12

gross national income GNI

  • total income generated by a country’s rewidents and businesses

  • both domestically and abroad

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13

gender inequality index GII

  • measures gender-based inequalities in health, education, and economic participation

  • higher values indicate higher inequalities, the lower the less inequality

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14

human development index HDI

  • used to measure economic and social development of a country'

  • determined using life expectancy, expected years of schooling, and gross national income per capita GNI

  • higher value, more developed

  • lower value, less developed

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15

more developed countries, use more ____ ____

fossil fuels

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16

microloans

  • goes to people who are excluded from economic society, especially in LDCs

  • goal is to help them and society financially

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17

gender parity

economic development generally increases the amount of gender equality in a society

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18

traditional society

  • early stages of DTM

  • primary sector: focused on agriculture, raw resources, extraction

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19

preconditions for takeoff

  • more investment in infrastructure and education

  • economy shifts since foreign states start to become more interested, influenced by low wage labor

  • diffuses tech more widely

  • still a lot of primary, but more secondary

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take off

  • rapid economic growth

  • big boost in economy

  • jobs move out of agricultural/primary, and transitions to more industrial socities (secondary)

  • more job opportunities and urbanization

  • initiates self-sustaining growht

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drive to maturity

  • more specialization

  • involvement in global trade

  • shifting to tertiary sector

  • sees more economic growth than population growth

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22

high mass consumption

  • sees more quinary and quaternary

  • more tertiary jobs

  • manufacturing happens in other states

  • high mass consumption, spends money on nonessential goods

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23

rostows stages of economic growth criticisms

  • doesnt factor in colonialism

  • assumes everybody will reach the highest level

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24

wallerstein’s world system theory

interdependency

  • core countries benefit more from global trade by taking advantage of raw materials

  • shows impact of colonization

  • highlights how infrastructure in colonized states was set up for the core/colonizing states

criticisms:

  • doesn’t take in microloans, microfinancing, that helps LDCs grow econimcally

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dependency theory

  • suggests that semi periphery and periphery are dependent on their economic growth with core countries

  • core countries are more economically advanced that reap more benefits off global trade

  • still benefit to LDCs, but MDCs get more of the benefit

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26

commodity dependence

over 60% of exports are made off of a certain commodity/good

  • big issue for the country, leads to economic struggle

  • demonstrates how a diversified portfolio is better

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27

globalization

the process by which countries, economies, cultures, businesses, and people become interconnected and dependent on each other

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28

neo liberal policy

  • focus is to try and get freedom from the government, free markets, and free trade

  • tries to reduce government regulation and promote free market

  • ex. European Union

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29

free trade

  • reduces amount of restrictions and barriers

  • stimulates economic growth

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30

tariff

  • opposite of free trade

  • happens because a state is afraid they will lose domestic jobs

  • tax or duty imposed by a government on goods and services that come inside a country

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31

trade facilitates _______ _____

economic growth

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32

comparative advantage

an economic concept

  • when a country, individual, or organization produces a good or service at a lower cost than another country, individual, or organization

  • focuses on specialization, a country will do what they are best at, produce those products, and the ones you aren’t best at, trade with a country that is

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economic restructuring

significant shift in production, employment, investment, trade patterns, or underlying ecoomic systems

  • primary and secondary jobs are put in the hands of semiperiphery and periphery countries, while core focuses on tertiary

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34

offshoring

  • process of relocating a busines, process, or service to a foreign country

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outsourcing

  • when a business contracts to a service, job, or an external provider

  • reduces their costs and increase their efficiency

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free trade zone

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export processing zone

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international divison of labor

  • focusing on how countries use comparative advantage to specializw in diff economic activities, resources, and capabilities

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multiplier effect

  • when an original investment by an individual, business, government, or organization leads to a chain reaction of spending and inceased economic activity

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40

fordism

  • a system of production that emphasizes mass production of standard goods

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41

post-fordism

a system of production that emphasizes more flexible production methods where workers are trained in multiple tasks

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42

economies of scale

as a company grows, reduction of the cost to produce a product

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43

just-ion-time delivery

  • materials are delivered to the manufacturing plant precisely when they are needed

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44

growth poles

specific regions, cities, or areas that are considered centers of economic growth and devlopment

  • a result of agglomeration

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45

deindustrialization

reduction of primary and secondary sector

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46

UN sustainable development goals 2016-2030

  • leads to higher standard of living

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degradation

decline in quality

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48

ecotourism

focuses on responsible travel to natural areas that conserve the environemtn

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