Questions
- What term describes the location and distribution of economic activities across the world?
- Which industry is typically considered the backbone of a country’s economy—primary, secondary, or tertiary?
- How does the concept of “globalization” influence economic geography?
- Name the economic activity that involves the extraction of natural resources from the earth.
- What is the term for the economic zone where trade and commerce are conducted with minimal tariffs and regulations?
- Which city is famously known as the financial capital of the world due to its significant economic influence?
- What is the primary factor that determines the location of manufacturing industries according to Alfred Weber’s model?
- How does proximity to markets influence the location of service industries?
- What is the term for economic activities that are centered around the production of goods in factories?
- Which organization is responsible for collecting and analyzing global economic data to support economic development policies?
Answers:
- Spatial distribution of economic activities
- Secondary industry
- It promotes international trade, investment, and the interconnectedness of economies across borders
- Primary industry
- Free Trade Zone or Special Economic Zone
- New York City
- The transportation costs and proximity to raw materials and markets
- Close proximity to markets increases demand and reduces transportation costs
- Manufacturing or industrial production
- World Bank