2.2 Development Flashcards
What does the primary sector of an economy cover
The extraction of raw materials, such as precious metals, wheat and coal
A large primary sector indicates a reliance on the agricultural market
What is the primary sector
What is the secondary sector
What is the tertiary sector
What is economic development
What is meant by sustainability
What makes growth sustainable
When the rate of economic growth can be maintained in the long run, so future generations can enjoy the same rate of growth
What might fast economic growth today mean for the future
It could mean that natural resources, such as oil, might deplete, which can cause environmental problems for future generations, and mean the future rate of growth might be weak
What are the two measures of macroeconomic measure and development
GDP
HDI
What is GDP
What is HDI
Why is HDI useful
Define Measure of Economic Welfare (MEW)
Define Human Poverty Index (HPI)
Define Multidimensional Poverty Index ( MPI)
Define Gender-related Development Index (GDI)
What factors contribute to economic growth and development
Trade liberalisation Promotion of FDI Microfinance schemes Privatisation Development of human capital Infrastructure development Development of primary industries Fair trade schemes Debt relief
How does trade liberalisation contribute to economic growth and development
How does promotion of FDI contribute to economic growth and development
How do micro-finance schemes contribute to economic growth and development
How does privatisation contribute to economic growth and development
How does the development of human capital contribute to economic growth and development
How does infrastructure development contribute to economic growth and development
How does the development of tourism contribute to economic growth and development
