Affluence - Great wealth or abundance. , Brownfield sites - Former industrial areas that have been developed before. , Central Business District (CBD) - The heart of an urban area, often containing a high percentage of shops and offices. , Connectivity - How easy it is to travel or connect with other places. , Conurbation - A continuous urban or built-up area, formed by merging towns or cities. , Decentralisation - Shift of shopping activity and employment away from the CBD. , Deindustrialisation - Decreased activity in manufacturing and closure of industries, leading to unemployment. , Depopulation - Decline in the total population of an area. , Deprivation - Lack of wealth and services. It usually means low standards of living caused by low income, poor health and low educational qualifications. , Diversification - When a business (e.g. a farm) decides to sell other products or services in order to survive or grow. , Economic core - The centre of a country or region economically, where businesses thrive, people have opportunities and are relatively wealthy; a highly developed area. , Economic periphery - The edge of a country or region in terms of economics; a more remote, difficult area where people tend to be poorer and have fewer opportunities; a led well developed area. , Employment Sectors - The four categories that employment can be put in to. Primary, Secondary, Tertiary, Quaternary. , European Regional Development Funds - Funds that support UK regions by economic regeneration and improved communications. Money comes from the EU. , Free trade - The free flow of goods and services without the restriction of tariffs. , Foreign Direct Investment (FDI) - Overseas investment in physical capital by transnational corporations. , Gentrification - High-income earners move into run-down areas to be closer to their workplace, often resulting in the rehabilitation and regeneration of the area to conform with middle class lifestyles. , Globalisation - Increased connections between countries. , Goods - Physical materials or products that are of value to us. , Green belt - Undeveloped areas of land around the edge of cities with strict planning controls. , Gross domestic product (GDP) - The total value of goods and services produced by a country in one year. , Index of Multiple Deprivation (IMD) - Means of showing how deprived some areas are. , Migration - Movement of people from one place to another. , Multicultural - A variety of different cultures of ethnic groups within a society. , Northern powerhouse - A major core region of cities (with a similar population to London) that has the potential to drive the economy of northern England. , Population density - The average number of people in a given area, expressed as people per km2. , Population structure - The number of each sex in each age group (e.g. 10-14), usually displayed in a population pyramid. , Privatisation - The sale of state-owned assets to the private sector to increase FDI and competition., Quality of life - A measure of how ‘wealthy’ people are, but measured using criteria such as housing, employment and environmental factors, rather than income. , Rebranded - A change of image. E.g. MG Rover car factory to Longbridge town centre with Bourneville college. , Regeneration - Means re-developing former industrial areas or housing to improve them. , Rural-urban fringe - The area where a town or city meets the countryside. , Services - Functions that satisfy our needs. , Studentification - Communities benefit from local universities which provide employment opportunities and a large student population which can regenerate pubs, shops and buy-to-let properties. , Terms of trade - Means the value of a country’s exports relative to that of its imports. , Transnational companies (TNCs) - Those which operate across more than one country e.g. Apple, Nike, Microsoft etc. , Primary - The extraction of raw materials from the land or sea., Secondary - Manufacturing goods from the raw materials., Tertiary - Providing a service to other people., Quaternary - Involves research and development (highly skilled)., Enterprise zones - Offer government grants and fewer planning regulations to stimulate business and create more jobs., Ethnic and cultural diversity - When migrants introduce their home culture, for example, cuisine and religious practices in the host city., Immigration policies - When a government encourages or reduces the need for immigration responding to the need for labour., Urban core - Comprises of offices and retail, a high population density of mostly young adults where property prices are expensive.,
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