Industry Vocabulary Flashcard

Front

What does "economic interdependence" refer to?

Back

The reliance of countries on each other for goods and services

Front

Urbanization is best defined as:

Back

The growth of cities and the migration of people into urban areas.

Front

Human activities that contribute to urbanization include: Decreased transportation options, Increased job opportunities in cities, Rural agricultural practices, Environmental conservation efforts

Back

Increased job opportunities in cities

Front

Which of the following is an implication of economic globalization? Decreased cultural exchange, Increased competition among local businesses, Isolation of economies, Reduced access to technology

Back

Increased competition among local businesses

Front

What do "boundaries" refer to in the context of political entities?

Back

The legal and political limits that define a country or region

Front

Networks in industry typically refer to:

Back

The interconnected relationships between businesses and suppliers

Front

Which term describes a manufacturing approach that emphasizes efficiency and speed in production?

Back

Just-in-Time Delivery

Front

The cottage industry is characterized by:

Back

Home-based production

Front

What is a key feature of "Post-Fordist Production"?

Back

Flexibility and customization in production processes

Front

Right-to-Work Laws are designed to: Promote union membership, Protect workers from being forced to join unions, Increase wages for all workers, Eliminate labor regulations

Back

Protect workers from being forced to join unions