Development Flashcards
what is development
the process of a country where it improves its quality of life for its people, making its place more independent.
what are the stages of development
Least developed countries → developing countries → newly developed countries → Developed countries.
what is quality of life
the person’s well-being in terms of environment, security, health and happiness.
8 indicators of development
- Gross National Product (GNP) per capita
- Gross Domestic Product (GDP) per capita
- Birth Rate
- Death Rate
- Literacy rate
- Life expectancy
- Infant Mortality
- Composite indices like the Human Development Index (HDI)
what is Gross National Product (GNP) per capita?
wealth of a country averaged per person.
what is Gross Domestic Product (GDP) per capita?
the total value of goods and services produced
what is economic activity
Economic activity involves making, providing, purchasing, or selling goods or services.
what are the 4 economic secotrs
- Primary.
- Secondary.
- Tertiary.
- Quaternary.
what happens in the primary sector
extraction of raw materials e.g. mining, farming
what happens in the secondary sector
production of goods using resources from primary sector e.g. shoe factory
what happens in the tertiary sector
providing services using products from secondary sector e.g. restaurant, hair salon
what happens in the quaternary sector
providing information & ICT e.g. software development
how may the sectors be divided in an LEDC
- The majority are in the primary sector.
- Few in the secondary sector.
- Tertiary may be larger than secondary.
how may the sectors be divided in an NIC
- Majority tertiary.
- Few in the secondary sector primary.
- Primary is larger than secondary.
how may the sectors be divided in an MEDC
- Low proportion in the primary sector.
- Numbers are falling in the secondary sector.
- The tertiary sector is the primary growth area.