AQA AS/A2 Geography Key words — what do they mean? |Key word |Meaning | |Appropriate |Whether solutions are fit for purpose and realistic. | |Benefits |The advantages or positive impacts of something (social, economic, environmental). | |Causes |The reasons why something happens. | |Challenges |Difficult, large-scale problems that require solutions.
In The World Economy, Angus Maddison shows that on average, the amount of international trade is twice bigger than the production. So international trade is an important part of the economic activity and therefore, it has consequences on work thus on income. There are two ways to look at income inequality. In fact, we can look at the income inequality due to trade between countries, or within countries, that is to say focusing on the unequal repartition of income among workers. We can wonder whether trade has a positive or negative effect on income inequality and how that can be explained.
Discuss the role and impacts of TNCs in the global economy An economy is the activities related to the production of goods and services within a given geographic location and this network can exist on a local or national scale. However through country’s economies interacting during the trading of goods and services, an international and global economy is present. A transnational corporation (TNC) is a company that operates and has the power to coordinate and control economic operations in more than one country. They are often found to have their headquarters in their country of origin, most commonly the UK, USA, Germany and Japan, and their manufacturing, research and development plants situated in other parts of the world, such as India and China. For example GlaxoSmithKline, which was founded in 2000, with its headquarters in Brentford in the UK and other sites located in Shanghai and Quebec.
Let us look at factors that measure income inequality, and what it all means. Income inequality is measured by weighing each country by the population and gross domestic income (GDI). This gives an indication of purchasing power parity (PPP) within a society. A statistical approach to measure and compare counties is to see the GINI score. The GINI index is a scientific formula to compute a country’s score based on global economy and country specific metrics.
Geography also enhances our knowledge of places and environments and, gives us an understanding of the world we live in. By studying geography one can realize how nations rely on each other and, also how different societies and cultures are. It makes one realize about their rights and responsibilities to other people and the environment. And, now to answer the question, does geography really matter in a globalized world? Yes, it does.
It allows us to understand how human society has arranged itself over the earth’s surface. Geography is thought of as a listing of places and products, or at best, the study of how topographic features such as mountains have constrained human actions. Geography also helps the study of relationships of people, places,
One thing we can be sure of is that a business cycle affects different sectors of our community in different ways. Gross domestic product is a great measure of an economies growth. The chair of the Federal Reserve uses information gathered from GDP to assist with making necessary adjustments to keep a balance between inflation and unemployment.
The NBER’s Business Cycle Dating Committee maintains a chronology of the U.S. business cycle. The research distinguishes the dates of peaks and troughs that frame economic recession or expansion. The period from a peak to a trough is a recession and the period from a trough to a peak
Image 6: What the Public Land Survey System looks like from the larger scale. A much more organized approach to giving land than the other processes. Spatial process can be the way these maps and charts created by the GIS are interpreted and used around the world. These three terms are vital in order for one to have a better understanding of physical geography and the importance of understanding Earth’s landscape. Aside from the cultural aspects of human geography and how humans affect the earth, physical geography (especially this course) is essential to understanding the opposite.
Market Model Patterns of Change Ernest R. Tatum ECO 550 April 24, 2012 Professor Godfrey Ejimakor Market Model Patterns of Change This paper will describe and explain the general pattern change of the particular market model and hypothesize the basic short-run and long-run behaviors of the model in the selected industry in a market economy and analyze three possible areas for the industry that could lead to transaction costs and explain each plus speculate the behavior that could result from the transactions and propose at least two strategies and collect costs, revenue data from the industry and explain any modifications relevant to decisions a manager must make and explain the major factors that affect the degree of competitiveness in the industry and use the data to develop at least three measures to show how the industry is evolving. Explain the general pattern change in a particular market model As John Deere prepares to observe its 175th anniversary of its existence dating back to when John Deere successfully manufactured and marketed the self-scouring plow in 1837. Deere moved from Vermont to start a small blacksmith shop in Grand Detour, Ill, and later moved the business to Moline, where the John Deere headquarters is currently located, and the company was incorporated as Deere & Co. in 1868 (Walley, 2012). The company has come a long way since then, having transformed into one of the world’s largest manufacturers of agricultural, forestry equipment and construction and turf care equipment with over 60,000 employees worldwide (Walley, 2012). Despite the recent recessionary period that the whole heavy equipment construction machinery industry experience along with the other migrating factors influencing the outlook for the company’s