APHG Chapter 10 and 11 Vocabulary

economic center where manufactured product is assembled into various shipments to be transported to a various range of markets

• Break of Bulk Point

• Bulk Gaining Industry

• Bulk Reducing Industry

• agglomeration

as a product produces, it gets bigger/heavier/more fragile and it's manufacturing is done close to market

• Cottage Industry

• Footloose Industry

• Bulk Reducing Industry

• Bulk Gaining Industry

as a product produces, it gets smaller in size and is produced near raw materials

• Cottage Industry

• Footloose Industry

• Bulk Reducing Industry

• Bulk Gaining Industry

companies that compete/have multiple industries should specialize in order to use resources and time efficiently

• Comparative Advantage

• Just In Time Industry

• Absolute Advantage

• agglomoration

production of goods is based in homes, not factories

• Cottage Industry

• Footloose Industry

• Just In Time Industry

• High Tech Industry

companies that group together in order to save cost in production or to create a market

• Fordism

• agglomeration

• Malquidoras

• NAFTA

companies create products as needed

• Division of Labor

• Export Processing Zones

• Just In Time Industry

• Footloose Industry

transfer of low paid and low skilled jobs from developed countries to developing

• High Tech Industry

• Fordism

• Ecotourism

• Division of Labor

touring areas due to scenery and nature which promote sustainability

• Value Added

• Ecotourism

• Island Of Development

• Outsourcing

Economic alliance of major western European nations that coordinate trade, immigration, and labor policies, making it's member one economic unit

• NAFTA

• Malquidora

• European Union

• Transnational Corporation