Industrial Revolution

2. system of production featuring assembly line
4. companies keep just what they need for short-term production and new parts are shipped quickly when needed
6. the location of a manufacturing plant in terms of minimizing costs of transportation, labor, agglomeration
12. the theory that suggests that competitors, in trying to maximize sales, will seek to constrain each other's territory as much as possible which will therefore lead them to locate adjacent to one another in the middle of their collective customer base
13. a more flexible set of production practices in which the components of goods are made in different places around the globe then brought together to meet a market demand
14. phenomenon whereby corporations and others can draw from labor markets around the world, made possible by the compression of time and space through innovation in transportation and communication
15. to turn over production in part or in whole to a third party
16. costs such as energy supply, transport expenses, labor costs, etc
17. the consequences of agglomeration causing industries to leave crowded urban centers and move to other locations
18. an area planned for high technology where agglomeration built on a synergy among technological companies occurs

1. a series of inventions that brought new uses for known energy sources and new machines to improve efficiencies and enable other new inventions in the 18th Century
3. used to determine location of industries based on maximum profit
5. a point where cargo is transported from one mode of transportation to another mode, generating employment, activity, and wealth
7. Western and Central Europe, Eastern North America, Russia and Ukraine, Eastern Asia are examples of these regions
8. places where two or more modes of transportation meet
9. when a substantial number of enterprises cluster in the same area, as happens in a large industrial city, they can provide assistance to each other through shared talents, services, and facilities
10. the increase in time and cost that comes with increasing distance
11. a logical attempt to explain the locational pattern of an economic activity and the manner in which its producing areas are interrelated