Industrial location theory

Industrial location theory - Industrial location theory-...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Industrial location theory- any theory attempting to explain why industries are found to have located in the places they are found. Relate locational factors to the goals of the industry such as minimizing costs (least-cost location) or maximizing profits. Industrial regions- Industrial region or industrial area refers to a region with extremely dense industry. It is usually heavily urbanized Industrial Revolution- The rapid development of industry that occurred in Britain in the late 18th and 19th centuries, brought about by the introduction of machinery. It was characterized by the use of steam power, the growth of factories, and the mass production of manufactured goods Industry- the people or companies engaged in a particular kind of commercial enterprise Infrastructure- The basic physical and organizational structures and facilities (e.g., buildings, roads, and power supplies) needed for the operation of a society or enterprise International division of labor- Division of labour (division of labor, in American English) or economic specialization is the specialization of cooperative labour in specific, circumscribed tasks and roles, intended to increase the productivity of labour. Labor-intensive- Needing a large workforce or a large amount of work in relation to output Least-cost location- the place where raw material and transport costs are minimized for a particular business, according to Weber Major manufacturing regions- (could not find)- the regions with a lot of manufacturing? Manufacturing exports- the goods manufactured in one country that are sent to other countries. Manufacturing/warehouse location- a place that manufactures goods for insured costumers Maquiladora- A factory in Mexico run by a foreign company and exporting its products to the country of that company Market orientation- A company philosophy focused on discovering and meeting the needs and desires of its customers through its product mix . The tendency of an economic activity to locate close to its market; a reflection of large and variable distribution costs. Multiplier effect- An effect in economics in which an increase in spending produces an increase in national income and consumption greater than the initial amount spent. The direct, indirect, and induced consequences of change in an activity. In industrial agglomerations, the cumulative processes by which a given change (such as a new plant opening) sets in motion a sequence of further industrial employmen
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
NAFTA- North American Free Trade Agreement: an agreement for free trade between the United States and Canada and Mexico; became effective in 1994 Outsourcing- (of a company or organization) to purchase (goods) or subcontract  (services) from an outside supplier or source.  Ozone depletion- the reduction of ozone or O3 around the poles due to the CFCs accumulating there. Plant location- the place of the warehouse or manufacturing unit in a company.
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 03/31/2011 for the course BIO 101 taught by Professor Siller during the Spring '10 term at University of Minnesota Duluth.

Page1 / 6

Industrial location theory - Industrial location theory-...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online