Economic Activity

What is deindustrialisation

• Factories opening which drives economic growth

• Factories shutting in LICs and opening in HICs

• Factories shutting in HICs and opening in LICs

Globalisation involves.... (2 answers)

• countries producing the goods they require themselves

• interconnectedness between countries

• government promoting less economic integration between countries

• communication between countries due to improved technology

Mechanisation is when (2 answers)

• Machines replace humans as technology advances

• there is an increase in demand for labour

• countries move from the primary to secondary to tertiary economic sector

• more factories open

Raw Materials are

• rare

• only found in LICs

• materials extracted from the ground

• Only found in HICs

Globalisation can occur (pick 3)

• Economically

• Socially

• Culturally

• Historically

Deindustrialisation occurred predominantly in HICs such as the UK because (2 answers)

• There wasn't enough land to build factories on in HICs

• Raw materials were depleted

• Raw materials were easier to find in LICs

• It was cheaper to produce goods in LICs (lower wages)

How has demographic change influenced the economy and its sectors of employment?

• There are more older people

• People have less disposable income

• People have worse jobs

• People earn more money now and therefore demand more services e.g. restaurants, retail etc.

Government Policy has driven economic change by (2 answers)

• planning and taking action to manage any issues

• encouraging globalisation

• working independently from other countries

Which employment sector involves the manufacturing of resources?

• Primary

• Secondary

• Tertiary

• Quaternary

Which employment sector involves the provision of goods and services?

• Primary

• Secondary

• Tertiary

• Quaternary