GEOG 1HB3 Chapter Notes - Chapter 13: Industrial Revolution, Asia-Pacific, Offshoring
12 Dec 2018
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Document Summary
Primary activities: economic activities concerned directly with the collection and utilization of natural resources. Secondary activities: economic activities that process, transform, fabricate, or assemble raw materials derived from primary activities; also activities that reassemble, refinish, or package manufactured goods. Tertiary activities: economic activities involving the sale or exchange of goods and services; includes distributive trades, such as wholesaling and retailing, and also personal services. Quaternary activities: economic activities concerned with handling or processing knowledge and information; typically involve a high level of skill; highly specialized. Early location theory: industrial location of agriculture food surpluses that could be used to feed industrial workers. The central consideration in location decisions was purely financial. Least-cost theory: a normative model, it aims to prescribe where industrial activities ought to be located. Industrialists are economic operators interested in minimizing costs and maximizing sales. It is assumed that both physical geography (climate and relief) and human geography (cultural and political systems) are uniform.
