Development Geography Flashcards
Standard of living
The material well-being of a person
-value of possession and savings
Quality of life
The general well-being of a person (includes standard of living)
Demographic transition
Series of changes in population structure as the economy develops (e.g. birth rate and death rate)
Primary activities
Extraction of raw materials.
Secondary activities
Processing of raw materials
Tertiary activities
Services industry. Tangible products not made.
Quaternary Economic Activities
Research and development needed to produce products from raw materials (info and expertise)
Quinary Economic Activities
Highest level of decision making in society/economy.
Economic development
Income levels associated with different kinds of work that people do.
Social development
Measures personal details/factors that affect people’s lives.
NIC
Newly Industrialised Countries
LEDC
Less economically developed countries
MEDC
More economically developed countries.
Development
is the improvement in standard of living, quality of life & general well-being of a country as its wealth increases.
