Unit 6 Ch 18

location where it is more economical to break raw materials into smaller units before shipping them further

• Break-of-Bulk Points

• Cottage Industry

• Bulk-Gaining Industry

industry in which the finished goods cost more to transport than the raw materials

• Bulk-Gaining Industries

• Economic Sectors

• Bulk-Reducing Industries

• Industrial Revolution

industry in which the raw materials cost more to transport than the finished goods

• Bulk-Reducing Industries

• Bulk-Gaining Industry

• Least-Cost Theory

• Tertiary Sector

preindustrial form of manufacture in which members of families spread out through rural areas worked in their homes to make goods

• Cottage Industries.

• Dual Economies

• Post Industrial Economy

• Primary Sector

economies with two distinct distributions of economic activity across the economic sectors

• Dual Economies

• Gross Domestic Product (GDP)

• Quinary Sector

• Secondary Sector

collections of industries engaged in similar economic activities based on the creation of raw materials, the production of goods, the provision of services, or other activities

• Economic Sectors

• Industrial Parks

• Raw Materials

• Agglomeration

the total value of all goods and services produced by a country’s economy in a year

• Gross Domestic Product (GDP)

• Dual Economies

• Cottage Industries

• Industrialization

a collection of manufacturing facilities in a particular area that is typically found in suburbs and is located close to highways to facilitate movement of raw materials and finished products

• Industrial Parks

• Quaternary Sector

• Quinary Sector

• Post-Industrial Economy

the radical change in manufacturing methods that began in Great Britain in the mid-18th century and was marked by the shift from small-scale, hand-crafted, muscle-powered production to power-driven mass production

• Industrial Revolution

• Industrialization

• Bulk-Reducing Industries

• Agglomeration

the process in which the interaction of social and economic factors causes the development of industries on a wide scale

• Industrialization

• Industry

• Least-cost Theory

• Secondary Sector