All Flashcards
Compare Market and Command Economies.
Market: Driven by supply and demand, private ownership. Command: Government controlled, centralized planning.
Compare Fordist and Post-Fordist Production.
Fordist: Mass production, standardized goods. Post-Fordist: Flexible, customized production.
Compare Developed and Developing Countries in terms of industrialization.
Developed: High levels of industrialization, advanced technology. Developing: Lower levels of industrialization, reliance on agriculture or resource extraction.
Compare the impacts of TNCs on developed vs. developing countries.
Developed: Job creation, economic growth, competition. Developing: Investment, infrastructure, potential exploitation, dependence.
Compare Traditional and Modern Economies.
Traditional: Based on customs, limited technology. Modern: Market-driven, advanced technology.
Compare Agglomeration and Deglomeration.
Agglomeration: Grouping of activities for mutual benefit. Deglomeration: Dispersal of activities due to negative externalities.
Compare Industrialization and Deindustrialization.
Industrialization: Growth of manufacturing. Deindustrialization: Decline of manufacturing.
Compare Neocolonialism and Colonialism.
Colonialism: Direct political control. Neocolonialism: Economic and political influence without direct control.
Compare the economic structures of the Sun Belt and the Rust Belt.
Sun Belt: Growing industries, service-based economy. Rust Belt: Declining manufacturing, aging infrastructure.
Compare the environmental impacts of Industrialization and Sustainable Development.
Industrialization: High pollution, resource depletion. Sustainable Development: Reduced pollution, resource conservation.
What is the definition of Agglomeration?
Grouping of activities for mutual benefit.
What is the definition of Growth Pole?
A specific area that drives regional economic development.
What is the definition of Just-In-Time Delivery (JIT)?
Receiving materials just when they are needed, reducing waste and storage costs.
What is the definition of Post-Fordist Production?
Shift from mass production to flexible, customized production.
What is the definition of Deindustrialization?
Loss of a region's industrial base; shift towards a service-based economy.
What is the definition of Transnational Corporations (TNCs)?
Large businesses operating in multiple countries.
What is the definition of Neocolonialism?
Continuing economic and political control by powerful countries, even after formal colonialism ends.
What is the definition of Maquiladoras?
Factories in developing countries that import raw materials and export finished goods, often near borders.
What is the definition of Sun Belt?
Region in the US known for warm climate and rapid growth.
Define Industrialization.
The process of transforming from an agrarian society to one based on manufacturing of goods and services.
What are the causes and effects of Industrialization?
Causes: Technological advancements, access to resources. Effects: Cheaper goods, increased availability, urbanization, pollution.
What are the causes and effects of Agglomeration?
Causes: Desire for mutual benefit, proximity to resources. Effects: Increased innovation, economic growth, potential for congestion and pollution.
What are the causes and effects of Deindustrialization?
Causes: Automation, globalization, shift to service economy. Effects: Job losses in manufacturing, urban decay, rise of new industries.
What are the causes and effects of Neocolonialism?
Causes: Economic and political power imbalances. Effects: Dependence on powerful countries, exploitation of resources, perpetuation of uneven development.
What are the causes and effects of Just-in-Time delivery?
Causes: Desire to reduce waste and storage costs. Effects: Increased efficiency, reliance on reliable transportation, vulnerability to disruptions.
What are the causes and effects of Post-Fordist Production?
Causes: Demand for customized products, technological advancements. Effects: Flexible production, niche markets, increased consumer choice.
What are the causes and effects of the growth of Transnational Corporations (TNCs)?
Causes: Globalization, desire for market expansion. Effects: Increased global trade, foreign direct investment, potential exploitation of labor and resources.
What are the causes and effects of the rise of Maquiladoras?
Causes: Lower labor costs, trade agreements. Effects: Increased manufacturing in developing countries, job creation, potential for exploitation of workers.
What are the causes and effects of the growth of the Sun Belt?
Causes: Warm climate, job opportunities, lower cost of living. Effects: Population growth, economic development, increased demand for resources.
What are the causes and effects of globalization?
Causes: Technological advancements, reduced trade barriers. Effects: Increased global trade, cultural exchange, economic interdependence, potential for exploitation of labor and resources.