Chapter 23: Development Flashcards
Define development
A process by which real per capita incomes are increased and the inhabitants of a country are able to benefit from improved living conditions, i.e. lower poverty and enhanced standards of education, health and nutrition and other essentials of life
Define primary sector
The sector in which production uses natural resources, including the extraction of raw materials and the growing of crops
Define secondary sector
The sector involving the production of manufactured goods
Define tertiary sector
The sector involving the production of services - may include the quarternary sector, which is production based on information technology and information products
Define human development index
A composite indicator of the level of a country’s development, varying between 0 and 1
Define sustainable development
Development that meets the need of the present without compromising the ability of the future generations to meet their own needs (Brundtland Commission 1987)