Industry and Development Vocabulary

What is the Industrial Revolution?

• The spatial grouping of businesses to share costs

• A set of changes in technology that dramatically increased manufacturing productivity

• The highest levels of decision-making in government and business

• Contracting work out to noncompany employees or other countries

What does the primary sector of a country's economy involve?

• Providing services to people and businesses

• Employed in processing natural resources

• Employed in extracting natural resources

• Knowledge-based activities such as research and education

What is the tertiary sector?

• The portion of the economy involved in manufacturing

• The service sector, consisting of providing services to people and businesses

• The sector that includes research and software development

• The sector that deals with the highest levels of decision-making

What is the quinary sector?

• The sector that includes research and software development

• The sector that deals with the highest levels of decision-making

• The service sector, consisting of providing services to people and businesses

• The portion of the economy involved in manufacturing

What is the concept of agglomeration?

• The set of changes in technology that increased manufacturing productivity

• The spatial grouping of businesses to share costs, such as when several factories share the cost of building an access road

• Contracting work out to noncompany employees or other countries

• Attempts to predict the location of a manufacturing site relative to the location of resources

What does outsourcing refer to?

• The spatial grouping of businesses to share costs

• A set of changes in technology that increased manufacturing productivity

• Contracting work out to noncompany employees or other countries

• The highest levels of decision-making in government and business

What are newly industrialized countries (NICs)?

• Countries whose economies are primarily based on agriculture

• Countries whose national economies have transitioned from being primarily based in agriculture to being primarily based in goods-producing industries

• Countries that are the largest exporters of manufactured goods

• Countries that focus solely on the service sector

What are maquiladoras?

• Factories that are located in newly industrialized countries (NICs)

• The highest levels of decision-making in government and business

• Factories that import materials and equipment on a duty-free and tariff-free basis for assembly

• The spatial grouping of businesses to share costs

What does the Gross National Income (GNI) reflect?

• The total export value of a country

• The average income of a country's citizens

• The economic growth rate of a country

• The total import cost of a country

The Gender Inequality Index (GII) is a composite index for measuring what aspect of a country's development?

• Economic disparity

• Gender disparity

• Educational levels

• Technological advancement