What is the multiplier effect geography A level?
Multiplier Effect or Cumulative Causation The introduction of a new industry or the expansion of an existing industry in an area also encourages growth in other industrial sectors. This is known as the multiplier effect which in its simplest form is how many times money spent circulates through a country’s economy.
What are the factors of production ap human geography?
Land, labor, and capital; the three groups of resources that are used to make all goods and services. The numerous costs that are considered; Some costs are transportation, labor, agglomeration, market, energy, terrain, climate, personal preference, the product itself.
What is Weber’s theory APHG?
Weber’s Least Cost Theory attempts to describe and predict the location of manufacturing industries based on three factors: transportation costs, labor cost, and the benefit of agglomeration (clustering with similar, interdependent businesses).
What is multiplier effect in geography?
Multiplier Effect: the ‘snowballing’ of economic activity. e.g. If new jobs are created, people who take them have money to spend in the shops, which means that more shop workers are needed.
What is the multiplier effect AP hug?
multiplier effect. An effect in economics in which an increase in spending produces an increase in national income and consumption greater than the initial amount spent. nucleated.
What is Outsourcing AP Human Geography?
Outsourcing. A decision by a corporation to turn over much of the responsibility for production to independent suppliers. Fordist Production. Form of mass production in which each worker is assigned one specific task to perform repeatedly.
What is Deglomeration geography?
Deglomeration. The process of deconcentration; the location of industrial or other activities away from established agglomerations in response to growing costs of congestion, competition, and regulation.
What is location theory in human geography?
location theory, in economics and geography, theory concerned with the geographic location of economic activity; it has become an integral part of economic geography, regional science, and spatial economics. Location theory addresses the questions of what economic activities are located where and why.
What is meant by the multiplier effect?
The multiplier effect refers to the proportional amount of increase, or decrease, in final income that results from an injection, or withdrawal, of spending.
What is an example of a multiplier effect?
A good example of the Multiplier Effect in Developmental Economics is Foreign Direct Investment. When foreigners invest in a business in a developing country more workers are needed to labor in the factories.
How does the multiplier effect help our economy?
The multiplier effect is a concept in economics that describes how an injection into an economy, such as an increase in government spending, creates a ripple effect which increases employment and the output of goods and services in the economy.
What is the definition of human GEO?
Human geography or anthropogeography is the branch of geography that deals with the study of people and their communities, cultures, economies, and interactions with the environment by studying their relations with and across space and place. Human geography attends to human patterns of social interaction,…