| A | B |
|---|
| Industrial Revolution | applied to social and economic changes in agriculture, commerce, and manufacturing, resulted from technological innovations and specialization in the late 18th century. |
| Location Theory | a logical attempt to explain the locational pattern of an economic activity and the manner in which its producing areas are interrelated. |
| Variable Costs | costs that change directly with the amount of production. |
| Friction Distance | the increase in time and cost that usually comes with increasing distance. |
| Distance Decay | the effects of distance on interaction, generally the greater the distance, the less the interaction. |
| Least cost theory | Model developed by Alfred Weber according to which the location of manufacturing establishments is determined by the minimization of three critical expenses; labor, transportation, and agglomeration. |
| agglomeration | the process of clustering or concentrating people or activities. |
| deglomeration | process of industrial de-concentration. |
| locational interdependence | A theory developed by Harold Hotelling that suggests that two places that sell the same thing with build franchises by each other in hopes of more business. (Think McDonald's and Burger King) |
| primary industrial regions | Western and Central Europe; Eastern North America; Russia and Ukraine; and Eastern Asian. They all consist of one or more core areas. |
| break-of-bulk points | a location along a transport route where goods must be transferred from one carrier to another |
| Fordist | a highly organized and specialized system for organizing industrial production and labor |
| post-fordist | World economic system characterized by a more flexible set of production practices in which goods are not mass-produced |
| just-in-time delivery | method of inventory management made possible by efficient transportation and communication systems |
| Global division of labor | phenomenon whereby corporations and others can draw from labor markets around the world. |
| Intermodal connections | places where two or more modes of transportation meet (air, train, car, barge) |
| deindustrialization | when industrial companies move to regions with cheaper labor and whatnot |
| outsource | with reference to production, to turn over or in part or in total to a third party |
| offshore | with reference to production, to outsource a third party located out side of the country |
| Sunbelt | the South and Southwest regions of the United States |
| technopole | centers or nodes of high technology research and activity around which a high-technology corridor is sometimes established. |
