Unit 7 vocab

the term used for the transformation from an agricultural society to an industrial society as a result of new technologies and facilitated by the availability of natural resources (resulting in factories, mass-produced goods, and assembly lines that replaced handmade goods)

• Industrial Revolution

• spread of industrialization

• industrialization

process that occurs when countries evolve from primarily agricultural producing basic, primary goods to one based on mechanized mass manufacturing of goods (craftsmen are replaced by assembly lines)

• Industrial Revolution

• spread of industrialization

• industrialization

 economic activity that involves extracting (raw materials) or harvesting (food) products 

  e.g. gathering industries (renewable resources): agriculture, forestry, hunting and gathering, fishing, grazing

  e.g. extractive industries (nonrenewable resources):  mining, quarrying  

• secondary sector:

• tertiary sector

• primary sector

economic activity that processes raw materials and transforms them into finished goods

  e.g. manufacturing industries

• Primary sector

• tertiary sector

• secondary sector

economic activity that provides services

  e.g.  health, legal, education, restaurants, stores 

• tertiary sector

• primary sector

• secondary sector

caused food supplies to increase and populations to grow

                                               created new industrial jobs in the cities

                                               changed social class structures

                                               caused investors in industry to seek out more raw materials and new markets

                                               contributed to the rise of colonialism and imperialism

• Industrial Revolution

• spread of industrialization

• industrialization

economic activity consisting of high-level decision making and advancement of human capacities 

                    e.g. scientific research, higher education, government

• quinary sector

• secondary Sector

• quaternary sector

• tertiary sector

economic activity that involves collecting, processing & manipulation of information & capital 

           e.g.  finance, insurance, computer services

• quinary sector

• quaternary sector

• secondary sector

countries where economic power (wealth, innovation, technology) is concentrated that control and benefit from the global market on which periphery and semi-periphery countries depend  

                    e.g. U.S., Western European countries, Canada, Australia, Japan

• Semi-periphery

• core

• periphery

 countries that are industrializing that exert more power in the world economy than the periphery, but are dominated to some degree by the core

          e.g. newly industrialized countries such as Brazil, Russia, India, China, South Africa, Turkey

• periphery

• core

• Semi-periphery