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Flashcards - TExES Core Subjects 4-8: Major Events & Trends in Economics

Flashcards - TExES Core Subjects 4-8: Major Events & Trends in Economics
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postindustrial society
In sociology, the post-industrial society is the stage of society's development when the service sector generates more wealth than the manufacturing sector of the economy
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Economic development
Economic development is the process by which a nation improves the economic, political, and social well-being of its people
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Industrial Revolution
The Industrial Revolution was the transition to new manufacturing processes in the period from about 1760 to sometime between 1820 and 1840
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inflation
In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time
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inflation
In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time
Industrial Revolution
The Industrial Revolution was the transition to new manufacturing processes in the period from about 1760 to sometime between 1820 and 1840
Economic development
Economic development is the process by which a nation improves the economic, political, and social well-being of its people
postindustrial society
In sociology, the post-industrial society is the stage of society's development when the service sector generates more wealth than the manufacturing sector of the economy
primary sector
The primary sector of the economy is the sector of an economy making direct use of natural resources
secondary sector
The secondary sector includes industries that produce a finished, usable product or are involved in construction
tertiary sector
The tertiary sector of the economy is one of the four economic sectors, the others being the secondary sector , the primary sector , and the quaternary sector
suburbanization
Suburbanization is a population shift from central urban areas into suburbs, resulting in formation of urban sprawl
urban renewal
Urban renewal, which is generally called urban regeneration , "revitalization" in the United States, is a program of land redevelopment in areas of moderate to high density urban land use

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