economic world Flashcards
what is gross national income ( GNI )
total value of goods and services produced by a country in a year
what is gross domestic product ( GDP )
total value of goods and services a country prouduves in a year
what is the birth rate
number of babies botn oer thousand people a year
what is the death rate
the number of deaths per thousand a year
what is life expectancy
the average a person can expect to live to
what is HIC ( high income countries )
wealther countries
what is LIC ( low income countries)
poorest countries
what is NEEs ( newly emerging economies)
getting richer as their economy is moving from primary industry to secondary industry
what is colonisation
a country ruled by a foreign country
what is conflict
desruction of homes , hospitals and schools
what is poor trade links
less trade , less income and fewer resources
what is a primary sector
farming or mining - raw materials
what is a secondary sector
manufacturing
what is a tertiary sector
service sector jobs - retail , teaching , nursing
what is quaternary sector
research and development - medical research
what is AID
money, resources or services given to a country to help them develop
what is debt relief
cancelling a countrys debt so that they dont have to pay repayment
