Geography Unit 3- Economic Change KEY WORDS 0.0 / 5 ? GeographyEconomic changeGCSEEdexcel Created by: Zoe_AndrewsCreated on: 29-10-13 13:15 Primary Industry A job where you extract RAW MATERIALS from the sea and Earth. E.g.Farmer/Miner/Fisherman 1 of 19 Secondary Industry An economic activity that MANUFACTURES products from raw materials E.g. Carpenter/Factories 2 of 19 Tertiary Industry An economic acticity that provides a service. E.g. Teacher / Doctor/ Shopkeepr 3 of 19 Quaternary Sector New Sector with ICT and R+D ( Research+Development) E.g. Universities/ Doctors 4 of 19 De-Industrialisation the reduction of industrial activity in a region or economy. 5 of 19 Rural De-Industrialisation When a rural area loses its Secondary Indsutry 6 of 19 Globalisation The growing economic interdependency of countries worldwide. 7 of 19 HIC (Tertiary Sector) High Income Countries- A country with GNIpp =$11,456+ /annum E.g. Uk/USA 8 of 19 MIC (Secondary Sector) Middle Income Countries- A country with GNIpp= $760+ 9 of 19 LIC (Primary Sector) Low Income Countries- A county with GNIpp=>$760/annum E.g. Mali/Nepal 10 of 19 NIC Newly Industrialised Countries- a nation undergoing rapid economic growth E.g. BRIC 11 of 19 Disposable Income the money a person has available to spend after paying taxes, pension contributions, 12 of 19 Grey Pound the money that older people have available to spend (especially after their children have grown up and left home) 13 of 19 Mine An excavation in the earth from which ore or minerals can be extracted. 14 of 19 Quarry An open excavation or pit from which stone is obtained by digging, cutting, or blasting. 15 of 19 Import To bring or carry in from an outside source, especially to bring in (goods or materials) from a foreign country for trade or sale. 16 of 19 Exports To transport goods abroad, E.g. for trade or sale. 17 of 19 Mechanisation Replacing human workers with advanced technology and equipment 18 of 19 Footloose A company which can be located ANYWHERE as its location does not need any specific demands E.g. Call Centres 19 of 19
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