GEO 607 Lecture Notes - Lecture 1: Externality, Gross Domestic Product, Canadian Living
Document Summary
Economic restructuring: the phenomenon of western urban areas shifting from a manufacturing to a service sector economic base. An inhabited place of greater size, population, or importance than a town or village. An incorporated british town usually of major size or importance having the status of an episcopal. A usually large or important municipality in the united states governed under a charter granted by the state. An incorporated municipal unit of the highest class in canada. Economy: the wealth and resources of a country or region, especially in terms of the production and consumption of goods and services. Gdp gross domestic product: total dollar value of all goods and services produced over a specific time period; you can think of it as the size of the economy. Not the same as the minimum wage, which is the legal minimum all employers must pay.
