the term that applied to the social and economic changes in agriculture, commerces and manufacturethat resulted from technological innovations and specilization in late-eighteenth-century Europe
industrial revolution
the expansion of economic, political, and cultural processes to the point that they become global in scale and impact
globalization
A highly organized and specialized system for organizing industrial production and labor. Named after automobile producer Henry Ford.
Fordist
Ownership by the same firm of a number of companies that exist along a variety of points on a commodity chain.
verticle integration
The increase in time and cost that usually comes with increasing distance.
friction of distance
Model developed by Alfred Weber according to which the location of manufacturing establishments is determined by the minimization of three critical expenses: labor, transportation, and agglomeration.
least cost theory
A process involving the clustering or concentrating of people or activities. The term ofter refers to the manufacturing plants and businesses that benefit from close proximity because they share skilled labor pools and technological and financial amenities.
agglomeration
The process through which something is given monetary value. Commodification occurs when a good or idea that previously was not regarded as an object to be bought and sold is turned into something that has a particular price and that can be traded in a market economy.
commodification
The introduction, growth, maturation and decline of a product.
product life cycle
Phenomenon whereby corporations and others can draw from labor markets around the world, made possible by the compression of time and space through innovation in communication and transportation systems.
gobal divsion of labor
Method of inventory management made possible by efficient transportation and communication systems, whereby companies keep on hand just what they need for near-term production, planning that what they need for longer-term production will arrive when needed.
just-in-time delivery

Preview of Crossword

Make this Crossword your own

Add, edit, delete clues, and customize this crossword. Print copies for an entire class. All in 5 minutes.

Icon crossword    Create my Crossword now    

Your customized Crossword will be in your hands in five minutes.

Related Puzzles

Industrial Revolution Crossword Puzzle

15 terms
Created on Feb 5, 2016

The Industrial Revolution

12 terms
Created on Mar 1, 2016

Industrial Revolution

28 terms
Created on Mar 9, 2016

Economics Supply and Demand

20 terms
Created on Mar 15, 2016

Chapter 23 Crossword Puzzle

20 terms
Created on Mar 22, 2016

Entrepreneurship Vocab Review

27 terms
Created on Mar 29, 2016

Cyber Security

20 terms
Created on Apr 25, 2016

Air Pollution/Global Warming Crossword Puzzle

20 terms
Created on Jun 5, 2016

Computer Terms

15 terms
Created on Jun 16, 2016

Economics Chapter 1

13 terms
Created on Aug 16, 2016

Economic vocab

22 terms
Created on Aug 25, 2016

Engineering Crossword

26 terms
Created on Sep 13, 2016

Industrial Revolution Vocabulary

16 terms
Created on Sep 23, 2016

Accounting Terms: Back to Basics

26 terms
Created on Sep 25, 2016

The Industrial Revolution

22 terms
Created on Sep 27, 2016

econ extra credit

27 terms
Created on Dec 12, 2016

Engineering Disciplines

25 terms
Created on Jan 26, 2017

Globalization

20 terms
Created on Feb 6, 2017

Industrial Revolution Crossword Puzzle

28 terms
Created on Feb 23, 2017

Industrialization and Imperialism

25 terms
Created on Apr 5, 2017