Development Flashcards
What is development
Characteristics that describe the stage a country has reached on economic, cultural, social and social an tech levels
Standard of living
Value of ones possessions and savings
Quality of life
General well-being of a person including SOL , education, health care…
List 3 types of development
Economic development
Industrial development
Social development
Sustainable development
What’s economic development
Measurement of Development through wealth of country
Industrial development:
Involves industries and manufacturing process
Socal development:
Measures development through welfare of a population
Sustainable dev
Balancing current usage of resources and needs of people to preserve resources for future generations
What happens to resources when standard of living increases
There is a greater demand for resources
List 3 types of development indicators
Economic indicators
Social indicators
Demographic indicators
What are economic indicators
Measures of development through wealth$$ “per Capita”
What are social indicators
Measures of development through welfare of a population
What are demographic indicators
Measure size of population alone with stats “rates””
List the 5 economic indicators
GNI
GNP
GDP
HDI
Gini coefficient
What is GNI
Average amount of money a person in a country Earns