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Related Flashcards
Cards In This Set
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List 4 basic principles of commercial and industrial location are based on?
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1. access to inputs 2. proximity 3. availability of labor 4. processing costs
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List 3: The Gross Domestic Product (GDP) of a region or country includes the total value of what (in a given year)?
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1. foodstuffs (goods), 2. services 3. machinery
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Economic development that meets the needs and aspirations of the present without compromising the ability of future generations to meet their needs is the classic definition for ________ ________.
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sustainable development
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The ability of a country to explore and exploit its resources is based on? List three
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1. value of its resources 2. technological innovations in the country & around the world 3. politicaland economic situations in that country
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In the world's major core economies, the production and distribution of ________ has become the most important contributor to gross domestic product?
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knowledge
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Countries with a high proporiton of economic self-sufficiency or independence from the world system, and do not contribute significantly to the world economy in terms of imports and exports, are ________?
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autarkies
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The peripheral country dilemma of having constantly to borrow in order to fund economic development is known as the ________ ________.
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debt trap
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The debt crisis refers to what?
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high debt service many peripheral countries must pay on international loans
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Schools, roads, railroads, hospitals, retail outlets, recreational and cultural opportunities, social services and the entire framework of support services and amenities in a city or region is known as it's ________?
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infrastructure or the bones of a community
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Growing sugar beets for sugar, as an alternative to importing sugar made from sugar cane, is an example of ________ ________?
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import substitution
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Import substition is an important strategy for economic growth because what is supported?
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domestic (local) production
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Creative destruction refers to the withdrawal of what?
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investment from low profit areas and activites for reinvestment in high profit ones
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Transnational companies are those that are involved in? List 3
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1. international trade 2. production and manufacturing in multiple countries 3. foreign sales and marketing in numerous countries
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The global assembly line refers to consumer goods that are made with what? List 3
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raw materials, components, labor, and manufactures from around the world
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According to your text, the ________ industry is one of the most globalized of all manufacturing industries.
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clothing
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