Terms : Hide Images
| 64318670 | Industrial Revolution | the term applied to the social and economic changes in agriculture, coomerce and manufacturingthat resulted from technological innovations and specialization in late-eighteenth-century Europe | |
| 64318671 | location theory | a logical attempt to explain the locational pattern of an economic activity and the manner in which its producing areas are interrelated | |
| 64318672 | variable costs | costs that change directly with the amount of production | |
| 64318673 | friction of distance | the increase in time and cost that usually comes with increasing distance | |
| 64318674 | distance decay | the effects of distance on interaction, generally the greater the distance the less interaction | |
| 64318675 | least cost theory | model developed by Alfred Weber according to which the location of a manufacturing establishments is determined by the minimization of three critical expenses: labor, transportation, and agglomeration | |
| 64318676 | agglomeration | a process involving the clustering or concentrating of people or activities. the term also refers to manufacturing plants and businesses that benefit from close proximity because they share skilledlabor pools and technological and financial amenities | |
| 64318677 | deglomeration | the process of industrial deconcentration in response to technological advances and/or increasing costs due to congestion and competiton | |
| 64318678 | locational interdependence | theory developed by econoist Harold Hotelling that suggests competitors, in trying to maximize sales, will seek to constrain each other's territory as much as possible which will therefore lead them to locate adjacent to one another in the middle of their collective customer base | |
| 64318679 | primary industrial regions | Western and Central Europe; Eastern North America; Russia and Ukrane; and Eastern Asia, each of which consists of one or more core areas of industrial development with subsidiary clusters | |
| 64318680 | break-of-bulk point | a location along a transport route where goods must be transferred from one carrier to another. In a port, the cargoes of oceangoing ships are unloaded and put on trains, trucks, or perhaps smaller riverboats for inland distribution | |
| 64318681 | Fordist | a highly organized and specialized system for organizing industrial production and labor | |
| 64318682 | post-Fordist | a more flexible set of production practices in which goods are not mass produced | |
| 64318683 | just-in-time delivery | method of inventory management made possible by efficient transportation and communication systems, whereby companies keep on hand just what they need for near-term production, planning that what they need for longer-term production will arrive when needed | |
| 64318684 | global division of labor | phenomenon whereby corporations and others can draw from labor markets around the world, made possible by the compression of time and space through innovation in communication and transportation systems | |
| 64318685 | intermodal connections | places where 2 or more modes of transportation meet | |
| 64318686 | deindustrialization | process by which companies move industrial jobs to other regions with cheaper labor, leaving the newly deindustrialized region to switch to a service economy and to work through a period of highly unemployment | |
| 64318687 | outsource | with reference to production, to turn over in part or in total to a third party | |
| 64318688 | offshore | with reference to production, to outsource a third party located outside of the country | |
| 64318689 | Sunbelt | The South and Southwest regions of the United States | |
| 64318690 | technopole | centers of nodes of high-technology research and activity around which a high-technology corridor is sometimes established |
