Geography Unit 3- Economic Change KEY WORDS

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

Card 2

Front

An economic activity that MANUFACTURES products from raw materials E.g. Carpenter/Factories

Back

Secondary Industry

Card 3

Front

An economic acticity that provides a service. E.g. Teacher / Doctor/ Shopkeepr

Back

Preview of the back of card 3

Card 4

Front

New Sector with ICT and R+D ( Research+Development) E.g. Universities/ Doctors

Back

Preview of the back of card 4

Card 5

Front

the reduction of industrial activity in a region or economy.

Back

Preview of the back of card 5
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Comments

Mr A Gibson

Great set of revision cards to help you learn and be tested on the definitions relating to economic development. Get these printed or onto your mobile device.

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