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-Economic World- Flashcards

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1
Q

Define Development.

A

The progress of a country in terms of economic growth, technology and human welfare.

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2
Q

Development gap is…

A

The difference between the living standards of rich and poor countries (HICs and LICs).

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3
Q

What is it called when producers in LICs are given a better price for the goods they produce?

A

Fairtrade:
The better price improves income and reduces exploitation.

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4
Q

What is International aid ?

A

Money, goods and services given by a government to help improve the quality of life of another country.

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5
Q

Microfinance loans are…

A

Very small loans given to people in LICs to start a small business.

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6
Q

What is Birth rate?

A

The number of births per 1000 of total population.

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7
Q

Define Death rate

A

The number of deaths per 1000 of total population.

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8
Q

One measure for development is Gross national income (GNI). What does it include in its measure?

A

A measurement of a country’s wealth that is calculated by dividing the total amount of national income divided by the amount of people in the country.

It also includes a country’s income earned overseas.

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9
Q

Gross domestic product (GDP) is…

A

A measurement of a country’s wealth that is calculated by dividing the total amount of national income divided by the amount of people in the country.

It does NOT include a country’s income earned overseas.

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10
Q

Human development index is…

A

A method of measuring development that combines GDP per capita, life expectancy and literacy rate. This is a combination of social and economic indicators.

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11
Q

Infant mortality is…

A

The average number of deaths of babies under the age of 1, per 1000 births, per year.

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12
Q

Life expectancy is…

A

The average number of years a person might be expected to live.

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13
Q

Literacy rate is…

A

The percentage of people who have basic reading and writing skills

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14
Q

Demographic transition model is…

A

A model showing how populations should change over time depending on their level of development. The graph shows birth rates, death rates and total population.

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15
Q

Globalisation is…

A

The process which has created a more connected world. This has increased the movement of people (trade) and people (migration) world wide.

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16
Q

What does TNC stand for and what is it?

A

Transnational corporation
A company that operates in many different countries. Their offices, factories and shops will be in different countries. They are mainly well known brands

17
Q

The buying and selling of goods between countries is called…

A

Trade.

18
Q

Industrial structure is…

A

The proportion of the workforce employed in different sectors of the economy (Primary, secondary, tertiary and quaternary).

19
Q

Primary sector is…

A

Economic activities (jobs) that focus on collecting raw materials. Such as farming, logging, fishing, forestry and mining.

20
Q

Secondary sector is…

A

Economic activities (jobs) that focus on manufacturing. Such as working in factories and creating finished goods.

21
Q

Tertiary sector is…

A

Economics activities (jobs) that provide various services. Such as commercial (shops and banks), professional (lawyers and solicitors) and social (schools and hospitals).

22
Q

Quaternary sector is…

A

Economic activities (jobs) that focus on information or knowledge. Such as research and development, and information technologies.

23
Q

De-industrialisation is…

A

The decline in a country’s manufacturing industry (factories). This is mainly due to competition from NEEs and lack of materials

24
Q

Post-industrial economy is…

A

The economy of many HICs where most jobs are in service industries.

25
Q

North-south divide (UK) is…

A

Economic and cultural differences between Southern England and Northern England. There are clear differences in house prices, earning, health conditions and political differences

26
Q

Science and business parks are…

A

Purpose built areas of offices and warehouses, at the edge of a city and on a main road. They are located near university cities and scientific research is conducted. High-tech industries are established.

27
Q

The European Union is…

A

An international organisation of 27 countries. Formed to reduce trade barriers and increase cooperation. If you are an EU citizen you can freely live and work in any of the other countries.

28
Q

The Commonwealth is…

A

A voluntary association of 53 independent and equal countries. They were mostly members of the former British Empire. They share common history, culture and value democracy and the rule of law.

29
Q

Information technologies are…

A

Computer, internet, mobile phone and satellite technology. Help speed up communication and the flow of information

30
Q

Intermediate technology is…

A

Simple, easily learned and maintained technology. Used in a range of economic activities in LICs.

-Geography- (4 decks)

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