4.1.1 Growing Economies Flashcards
1
Q
What are the BRIC countries?
A
-Brazil
-Russia
-India
-China
2
Q
What are the MINT countries?
A
-Mexico
-Indonesia
-Nigeria
-Turkey
3
Q
What is an economy?
A
An economy is the state of a country or region in terms of the production and consumption of goods and services and supply the money.
4
Q
What changes do growing economies see?
A
-Changes in employment patterns.
-Moving away from agriculture into modern economic activities.
5
Q
What does this growth rate mean for a business?
A
-Increase incomes for citizens.
-Opportunities to increase revenues and profits for MNCs.
6
Q
What are the 4 indicators of growth?
A
1.) Gross Domestic Product (GDP) per capita
2.) Literacy
3.) Health
4.) Human Development Index
