Terms : Hide Images
| 374988861 | break-of-bulk point | a location where transfer among transport modes is possible and cheap | |
| 374988862 | bulk-gaining industry | an industry that makes something that gains volume or weight during production | |
| 374988863 | bulk-reducing industry | an economic activity in which the final product weighs less than its inputs | |
| 374988864 | cottage industry | a home-based manufacturing system in which a family produces on product in their homes and distributes it to commercial sellers | |
| 374988865 | Fordist | an approach within a factory in which each worker is assigned a specific task to perform repeatedly | |
| 374988866 | Industrial Revolution | the process of change from the 1700's to the present that transformed the way goods are made, the way people obtain food, clothing, and shelter | |
| 374988867 | labor-intensive industry | an industry in which labor cost is a high percentage of expense | |
| 374988868 | maquiladora | a factory that is an American installment in Mexico, located there for the cheap labor, because it is cheaper to ship finished products back to the U.S. | |
| 374988869 | new international division of labor | the selective transfer of some jobs to LDCs in order to obtain cheaper labor for companies | |
| 374988870 | Post-Fordist | an approach to industry formed in modern times since the Fordist method in which workers are assigned to teams who perform a variety of tasks | |
| 374988871 | right-to-work state | a state that has passed laws preventing a union and company from negotiating a contract that requires workers to join a union as a condition of employment | |
| 374988872 | site factor | a factor that results from unique characteristics of a location. | |
| 374988873 | situation factor | a factor that involves transporting materials to and from a factory; the proximity of a factory to resources and markets | |
| 374988874 | textile | woven fabrics; the Industrial Revolution dramatically changed the production of these from a cottage industry to a commercial factory industry | |
| 374988875 | trading bloc | one of the three regions of the world that engages in trade with and competes with the other 2 regions | |
| 374988876 | development | the process of improving the material conditions of people through diffusion of knowledge and technology | |
| 374988877 | Gender Empowerment Measure (GEM) | a rating that compares the ability of men and women to participate in economic and political decision making | |
| 374988878 | Human Development Index (HDI) | a tool created by the United Nations that recognized a country's development according to social, economic, and demographic factors | |
| 374988879 | Gender Development Index (GDI) | a measure that calculates, by the same indicators as HDI, the level of development of women to that of both sexes in a country | |
| 374988880 | Gross Domestic Product (GDP) | the value of the total output of goods and services produced in a country, normally over the period of one year | |
| 374988881 | less-developed country (LDC) | a country in an earlier stage of development, a country that is in the process of developing | |
| 374988882 | literacy rate | the percentage of a country's people that can read and write in the main language of that country. | |
| 374988883 | more-developed country (MDC) | a country that has progressed further along the development continuum | |
| 374988884 | primary sector | the set of workers in a country who directly extract materials from the earth | |
| 374988885 | productivity | the value of a particular product compared to the amount of labor needed to make it | |
| 374988886 | secondary sector | the set of workers in a country or economy who manufacture, process, transform, adn assemble raw materials into useful products | |
| 374988887 | structural adjustment program | economic policies that create conditions encouraging international trade, usually implemented in LDCs by international trading agencies | |
| 374988888 | tertiary sector | the set of workers in an economy who provide goods and services to people in exchange for payment | |
| 374988889 | value added | the gross value of the product minus the costs of raw materials and energy in manufacturing |
