Economic Change Key Words

Description

Economic Change Key Words and their Descriptions
Fishy HD
Flashcards by Fishy HD, updated more than 1 year ago
Fishy HD
Created by Fishy HD over 9 years ago
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Question Answer
Employment Structure The proportion of people who work in each of the sectors of the economy.
Primary Industry The Extraction of raw materials from the ground or the sea. E.g. farming, Fishing or Mining.
Secondary Industry The Manufacturing of goods using raw materials from primary industries.
Tertiary Industry Does not produce anything but often involves the provision of different services. E.g. Teachers, Lawyers and Sales Assistants are all tertiary occupations.
Raw Materials Anything that occurs in a natural state that is useful to people.
Mechanisation The increased use of machinery to do tasks that people once did.
Globalisation The Process which has created a more connected world, with increases in the movement of goods and people worldwide.
Accesibility The ease with which people can get to a particular place.
Deindustrialisation When industry Moves Away from a area.
Sectoral Shift The Gradual change from an economy based on primary sectors, to one based on secondary to an economy based on tertiary and quaternary industry.
Development The way a country progresses and improves over time, usually measured by rising incomes and better quality of life.
Infrastructure The Facilities which provide essential framework for industry. E.g. roads, Power supply and sewage.
Quaternary Industry Consists of those industries providing information services such as computing, ICT, Consultancy and R&D. Sometimes included as part of the tertiary sector.
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