Industrial & Economic Development Patterns & Processes

transformed economies that had been based on agriculture and handicrafts into economies based on mechanized manufacturing and the factory system.

• mass consumption

• industrial revolution

• economic sectors

• labor unions

as real output per labor hour and growth is measured as the change in this ratio over time.

• work labor

• labor unions

• labor growth

• labor productivity

a natural fuel such as coal or gas, formed in the geological past from the remains of living organisms.

• fossil fuels

• petroleum

• renewable fuels

• raw materials

the socioeconomic group consisting of people who are employed in manual or industrial work.

• middle class

• working class

• labor class

• capitalist class

implies that a large percentage of the population purchases or consumes the same products or services because large manufacturers produce and distribute their products widely.

• mass production

• mercantilism

• commercialism

• mass consumption

refers to a conception of economic production as intrinsically transnational and as intrinsically interdependent on labor power based in different places.

• economic sectors

• globalization

• international division of labor

• world system of labor

is also known as the service industry.

• primary sector

• secondary sector

• tertiary sector

• quinary sector

the extraction and production of raw materials, such as farming, logging, hunting, fishing, and mining.

• primary sector

• secondary sector

• tertiary sector

• quinary sector

Manufacturing and Industry sector.

• primary sector

• secondary sector

• tertiary sector

• quinary sector

are the industrializing, mostly capitalist countries.

• core

• semi-periphery

• periphery

• underdeveloped