vocabulary

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Across
  1. 2. A business that sells its products or services primarily to consumers outside the settlement.
  2. 6. An industry in which the inputs weigh more than the final products.
  3. 7. A type of operation or industry that involves extracting or refining natural resources, such as mining, agriculture, forestry, and fishing.
  4. 8. These factors involve transporting materials to and from a factory. A firm seeks a location that minimizes the cost of transporting inputs to the factory and finished goods to consumers.
  5. 13. Focuses on meeting the needs of the present without compromising the ability of future generations to meet their needs. The concept of sustainability is composed of three pillars: economic, environmental, and social—also known informally as profits, planet, and people.
  6. 14. The maximum distance people are willing to travel to use a service.
  7. 15. The tertiary economic activity or service sector encompasses the production of services instead of end goods that meet the needs of individuals.
  8. 16. A process that links people around the world as a result of shared activities and interests. Fueled by technology and an expanding communication network, globalization creates cultural, social, environmental, health, and economic connections among countries.
  9. 17. A community’s collection of basic businesses.
  10. 19. A commodity, article, or service brought in from abroad (a foreign country) for sale.
  11. 21. An institutional arrangement designed to help producers in developing countries achieve better trading conditions. Members of the fair trade movement advocate the payment of higher prices to exporters, as well as improved social and environmental standards.
  12. 22. Manufacturing based in homes rather than in factories, most common prior to the Industrial Revolution.
  13. 23. A commodity, article, or service sold abroad (to a foreign country).
  14. 24. The transfer of goods or services from one person or entity to another, often in exchange for money. A system or network that allows trade is called a market.
  15. 25. A service that primarily meets the needs of individual consumers, including retail, education, health, and leisure services.
  16. 27. Makes something that gains volume or weight during production.
  17. 28. International trade left to its natural course without tariffs, quotas, or other restrictions.
  18. 29. The area surrounding a central place from which people are attracted to use the place’s goods and services (also known as hinterland).
  19. 30. The Industrial Revolution, now also known as the First Industrial Revolution, was the transition to new manufacturing processes in Europe and the United States, in the period from about 1760 to sometime between 1820 and 1840.
Down
  1. 1. Economic activities that involve the processing of raw materials (primary products). Examples would include turning timber into furniture and turning iron-ore into steel. Any factory can be seen as a system involving inputs (e.g. timber) processes (e.g. cabinet making) and outputs (e.g. tables and chairs)
  2. 3. The minimum number of people needed to support a service.
  3. 4. These factors result from the unique characteristics of a location. These are labor, capital, and land.
  4. 5. The period of social and economic change that transforms a human group from an agrarian society into an industrial society. This involves an extensive re-organization of an economy for the purpose of manufacturing.
  5. 9. An industry for which labor costs comprise a high percentage of total expenses.
  6. 10. Shipment of parts and materials to arrive at a factory moments before they are needed.
  7. 11. A service that primarily meets the needs of other businesses, including professional, financial, and transportation services.
  8. 12. Theory A theory that explains the distribution of services based on the fact that settlements serve as centers of market areas for services; larger settlements are fewer and farther apart than smaller settlements and provide services for a larger number of people who are willing to travel farther.
  9. 18. A market center for the exchange of services by people attracted from the surrounding area.
  10. 20. A decision by a corporation to turn over much of the responsibility for production to independent suppliers
  11. 26. The area surrounding a central place from which people are attracted to use the place’s goods and services (also known as market area).