About This Chapter
Modern Economic Systems - Chapter Summary and Learning Objectives
Economic systems are complex entities more easily understood when you learn about their history and progress through the years. This chapter introduces you to industry's origins and can help you understand the services that were offered in early urban and rural settlements. You can also find out why specific industries are set in certain locations. In these lessons, you can learn things such as:
- Three sectors of an economy
- World-wide industrial regions
- Three types of services
- Consumer service distribution
|Economic Sectors: Primary, Secondary & Tertiary||Explain tertiary, primary and secondary sectors of an economy and how those names show the extent of direct involvement with physical resources taken from the Earth.|
|Manufacturing Industry: Origin and Regions||Follow the beginnings of industry and discuss the industrial regions in Europe, North America and East Asia.|
|Industrial Sites: Land, Labor & Capital||Explore the various concerns in site location, such as proximity to inputs, markets and transportation. Outline why some industries often move around the world while others remain constant.|
|Service Industries: Origin and Types||Map out the origins of services and explain consumer, business and public services.|
|Local Distribution Companies & Material Distribution Centers||Compare and contract LDC's and MDC's, while explaining their distribution of services around the world.|
|Services in Early and Contemporary Rural Settlements||Give examples of these early rural service offerings.|
|Services in Early and Contemporary Urban Settlements||Highlight the characteristics of the services provided in urban settings.|
|Service Distribution: Central Place Theory & Market-Area Analysis||Address the regular patterns that distinguish consumer services distribution while explaining central place theory and market-area analysis.|
1. Economic Sectors: Primary, Secondary & Tertiary
This lesson will seek to explain the different sectors of the economy. In doing so, it will concentrate on the primary sector, the secondary sector, and the tertiary sector. It will also highlight the service industry.
2. Manufacturing Industry: Origin and Regions
This lesson will seek to explain the origins of industry, specifically the Industrial Revolution. In doing this, it will focus on Great Britain and inventions, like the Spinning Jenny and the steam engine. It will also highlight the exports of today.
3. Industrial Sites: Land, Labor & Capital
This lesson will seek to explain the factors that go into industrial site consideration. It will focus on land, labor, and capital. It will also highlight proximity of inputs and infrastructure.
4. Service Industries: Origin and Types
This lesson will seek to define the concept of the service industry. In doing so, it will focus on consumer, business, and public services while also defining division of labor, automation, and urbanization.
5. Local Distribution Companies & Material Distribution Centers
This lesson will seek to explain local distribution companies and material distribution centers. In doing this, it will highlight tangible goods and legalized distribution of utilities.
6. Services in Early and Contemporary Rural Settlements
This lesson will seek to explain services and products in early and contemporary rural areas. In doing this, it will highlight the Industrial Revolution, commercialization, cash crops, and urbanization.
7. Services in Early and Contemporary Urban Settlements
This lesson will explain services available in early and contemporary cities. It will highlight the terms urban, rural, urbanization, division of labor, and welfare systems.
8. Service Distribution: Central Place Theory & Market-Area Analysis
This lesson seeks to explain the central place theory and market area analysis. In doing this, we will highlight range, threshold, competition, and transportation.
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Other chapters within the Geography 101: Human & Cultural Geography course
- Introduction to Human & Cultural Geography
- The Geography of Languages, Religions, and Material Culture
- The Origin and Dispersal of Humans and Culture
- Effects of Population on the Environment
- Domestication of Plants and Animals
- Ethnicity & Geography
- Geography of Land Resources
- Spatial Processes
- Settlement Patterns
- Political Geography
- Impacts of Humans on the Environment
- Renewable Resources
- Nonrenewable Resources
- Food and Agriculture
- Studying for Geography 101