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13773287882agglomerationGrouping together of many firms from the same industry in a single area for collective or cooperative use of infrastructure and sharing of labor resources.0
13773291936ancillary activitieseconomic activities that surround and support large-scale industries such as shipping and food service1
13773295637backwash effectThe negative effects on one region that result from economic growth within another region.2
13773299430break-bulk pointA location where large shipments of goods are broken up into smaller containers for delivery to local markets.3
13773307378brick-and-mortar businessTraditional businesses with actual stores in which trade or retail occurs, it does not exist solely on the internet.4
13773330996bulk-gaining industriesIndustries whose products weigh more after assembly than they did previously in their constituent parts. Such industries tend to have production facilities close to their markets.5
13773336740bulk-reducing industriesIndustries whose final products weigh less than their constituent parts, and whose processing facilities tend to be located close to sources of raw materials.6
13773342609conglomerate corporationA firm that is comprised of many smaller firms that serve several different functions.7
13773346156coreNational or global regions where economic power, in terms of wealth, innovation, and advanced technology, is concentrated.8
13773352835core-periphery modelA model of the spatial structure of development in which underdeveloped countries are defined by their dependence on a developed core region.9
13773361409cottage industryAn industry in which the production of goods and services is based in homes, as opposed to factories.10
13773364872deglomerationThe dispersal of an industry that formerly existed in an established agglomeration.11
13773373460deindustrializationLoss of industrial activity in a region.12
13773375232developmentthe process of economic growth, expansion, or realization of regional resource potential13
13773425764e-commerceWeb-based economic activities14
13773431905economic backwatersRegions that fail to gain from national economic development.15
13773435925ecotourismA form of tourism, based on the enjoyment of scenic areas or natural wonders, that aims to provide an experience of nature or culture in an environmentally sustainable way.16
13773439831export-processing zoneareas where governments create favorable investment and trading conditions to attract export-oriented industries17
13773442472fast worldAreas of the world, usually the economic core, that experience greater levels of connection due to high-speed telecommunications and transportation technologies.18
13773446442footloose firmsManufacturing activities in which cost of transporting both raw materials and finished product is not important for determining the location of the firm.19
13773449089fordismSystem of standardized mass production attributed to Henry Ford.20
13773455935foreign investmentOverseas business investments made by private companies.21
13773466532gender equityA measure of the opportunities given to woman compared to men within a given country.22
13773472231globalizationthe idea that the world is becoming increasingly interconnected on a global scale such that smaller scales of political and economic life are becoming obsolete23
13773505457gross domestic productThe total value of goods and services produced within the borders of a country during a specific time period, usually one year.24
13773514161gross national productThe total value of goods and services, including income received from abroad, produced by the residents of a country within a specific time period, usually one year.25
13773520469human developement indexmeasures by the UN that calculates developement not in terms of money or productivity but in terms of human welfare, based on three perameters: life exspectancy, education, and income26
13773530167industrial revolutionthe rapid economic and social changes in manufacturing that resulted after the introduction of the factory system to the textile industry in England at the end of the 18th century27
13773556789industrializationProcess of industrial development in which countries evolve economically, from producing basic, primary goods to using modern factories for mass-producing goods. At the highest levels of development, national economies are geared mainly toward the delivery of services and exchange of information.28
13773562449industrialized countriesThose countries including Britain, France, the United States, Russia, Germany, and Japan, that were all at the forefront of industrial production and innovation through the middle of the 20th century. While industry is currently shifting to other countries to take advantage of cheaper labor and more relaxed environmental standards, these countries still account for a large portion of the world's total industrial output.29
13773573929least-cost theorya concept developed by Alfred Weber to describe the optimal location of a manufacturing establishment in relation to the costs of transport and labor, and the relative advantages of agglomeration or deglomeration30

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