7 min read
This study guide covers economic development, focusing on industrialization and its effects. Key topics include types of economies, major trends in economic development (like industrialization, railroads, and global trade), and important vocabulary terms such as agglomeration, growth poles, JIT delivery, post-Fordist production, deindustrialization, TNCs, neocolonialism, maquiladoras, and the Sun Belt. The guide also emphasizes connections between these concepts and provides practice questions and exam tips.
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Question 1 of 14
What is the primary focus of a traditional economy? 🤔
Supply and demand
Customs and traditions
Government control
Free markets