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Unformatted text preview: Carrying capacity : number of people/things that are able to be sustained by a particular environment Debt trap : structure that lures individuals into accepting long term debt under conditions that strongly favor the lender Deindustrialization : the process of social and economic change caused by the removal or reduction of industry capacity or activity in a country or region Dependency : territory under the jurisdiction of a state which it does not form an integral part of Export processing zone : type of free trade zone, set up generally in developing countries by their government to promote industrial and commercial exports; offer incentives such as taxes and business regulations Flexible production system : flexibility in the system in case of changes: machines can change to make new products and/or routing flexibility of where multiple machines do work on one part Fordism : economic and social system based on industrial mass production; strives for low cost goods but pays its workers enough that they can afford to buy them Neo-fordism : small-batch production, economies of scope, specialization, white collar worker GDP : (gross domestic product) the market value of all final goods and services produced within a country Just-in-time production : reduces inventory and carrying costs; relies on signals to determine when the next part should be started (first used by Toyota)...
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This note was uploaded on 11/23/2011 for the course GEO 101 taught by Professor Gillen during the Fall '08 term at Miami University.
- Fall '08