Yay last one!
Cottage industry
Small scale businesses that are usually run inside a house (Use of traditional tools instead of industrial processing)
Enclosure movement
A movement in england that took private agriculture land and privatised it
Primary sector
Jobs that extracted the raw materials or resources straight from the earth (Coal mines, lumber, fishing, farming) usually located near a source of transportation
Secondary sectors
Jobs that take the raw materials from primary sectors and manufacture them into refined materials to increase the value
Tertiary sector
Jobs that provide a service to other people (Lawyer, docter)
Quaternary sector
Jobs that revolve around sharing, spreading, processing, and collecting information (Journalist, newscast)
Quinary sector
Jobs that revolve around making decisions (Politicians, bosses)
Value-added products
Products that have been refined to increase their price
Gross Domestic product (GDP)
consumption + investment + gov spending + (exports- imports)
Core country
Countries that have a large economy and are usually very developed. Use periphery and semi-periphery countries for resources
Multinational corporation
Industry or business that reside in more than 1 country
Alfred webers theory
The theory that industry is situated within the area where the costs of transporting raw materials and the final output are minimal.
agglomeration
The clustering of specific economic activities in specific geographic areas
Global National Input
That total economic output of a country