Transportation and Development Processes

Study of the spatial patterns and processes that shape economic activities and their impact on the environment and society.

PPP adjusts for differences in the cost of living between countries, enabling more accurate comparisons of economies.

Flexible manufacturing introduced more adaptable and specialized production, replacing Fordist mass production and deskilling of labor.

<p>GDP does not account for income inequality, environmental degradation, and unpaid work, providing an incomplete picture of a country's wealth.</p> Signup and view all the answers

<p>Globalization, automation, and changes in consumer demand led to de-industrialization and job losses.</p> Signup and view all the answers

<p>Economics focuses on economic systems and markets, while Economic Geography examines the spatial patterns and processes of economic activities.</p> Signup and view all the answers

<p>Subsistence economies focus on self-sufficiency, Commercial economies prioritize profit, and Planned economies are state-controlled.</p> Signup and view all the answers

<p>Trademarking protects intellectual property, enabling companies to secure their brand identities and generate revenue.</p> Signup and view all the answers

<p>The transportation of goods requires different modes of transportation, infrastructure, and logistics compared to the transportation of people, which prioritizes safety and comfort.</p> Signup and view all the answers

<p>Human transitions, such as the shift from agricultural to industrial and then service-based economies, have driven economic growth, urbanization, and technological advancements, shaping the modern world.</p> Signup and view all the answers

<p>The main categories of economic activity are primary, secondary, and tertiary, which refer to the extraction, manufacturing, and service sectors of the economy, respectively.</p> Signup and view all the answers

<p>PPP is a method that adjusts for differences in the cost of living between countries, allowing for more accurate comparisons of economic output and wealth.</p> Signup and view all the answers

<p>Corporate Farming is characterized by large-scale industrial production, vertically integrated operations, heavy reliance on technology, and profit-driven decision-making.</p> Signup and view all the answers

<p>GDP and GNP have limitations, such as not accounting for income inequality, environmental degradation, and informal economies, which can lead to an incomplete picture of a country's economic well-being.</p> Signup and view all the answers