Development definitions Flashcards
Social
Relating to people and how human society is organized
Economic
Is relating to businesses or money
Environmental
Is relating to a person’s natural surroundings
Subsistence Farming
Farming that is done to provide food for family; any surplus can be sold
Literacy
The ability to read and write
Life expectancy
How long people can expect to live
Exploiting
Taking selfish or unfair advantage of a situation, usually for financial gain
Welfare
Financial or other aid provided to people in need
Imbalanced
Unevenness or inequality between 2 things
Vicious cycle
A process that returns to its starting point with no improvement
Trade surplus
When the value of country’s exports is higher than its imports
Trade deficit
When the value of a country’s imports is higher than its exports
Stable
Secure, Reliable
Democracy
The right of every person to take part in the system of government
Investor
Somebody who puts money into an asset with the intention of making a profit