Exam Definitions Flashcards
Population density
The measure of the average number of people that occupy an area is population divided by area
What is GDP?
It is gross domestic product which is all the goods and services produced within a country over a year
What is hdi?
It is the human development index which combines measures in 3 essential areas - health, education, and wealth- to indicate a countries level of human development
What is population distribution?
It is a pattern showing where people live on an area. Ex. Scattered distribution along a coast line or road
What are the 3 types of population distribution patterns?
Dispersed- far apart
Concentrated- close together
Linear- in a line
What is the global village?
The idea that the world is becoming like one large village because of improvements in communication
What is globalization?
The development of an increasingly integrated world in which free movement of goods, services and people make national borders less important.
What are the characteristics of a developing country?
- lowest levels of economic and social growth
- economy is dominated by the primary industry
- service sector is very poor so schools and hospitals are poorly developed.
What are characteristics of a newly industrialized country?
- they are countries that are are in transition between developed and developing
- beginning to industrialize so many ppl are employed in secondary industry
- starting to build infrastructures and services are becoming available
What are the characteristics of a developed country
- the highest level of social and economic growth and the highest standard of living
- economy is dominated by tertiary industry and quaternary industries are becoming more available
- their challenge is to maintain their standard of living and reduce their global impact
What is a scatter graph?
A graph that shows the relationship between two sets of numerical data
What is a free market economy?
An economy that encourages free competition without government interference
What is a command economy?
An economy that puts the government in charge of managing all aspects of the economy
What is a mixed economy?
A mix of between a free market economy and a command economy
What is bilateral trade?
Trade between two countries
What is a tariff?
A tax on an import