Geography - key words Flashcards
LEDC?
Less Economically Developed Country (poor)
MEDC?
More Economically Developed Country (rich)
NIC?
Newly Industrialised Country (getting rich quickly)
Places like India and China are NIC’s
Pros and Cons?
The goods and bads
Adult literacy?
Percentage of people who can read and write
Desertification?
Land slowly turning to desert
globalization?
Changes environment/people’s lives on a global scale
GNP?
Gross national product
Total value of goods and services produced by a country in a year divided by total population
Infant mortality?
Average number of deaths of children under 1 per 1000 live births
Life expectancy?
How long the average person in a country is expected to live to.
(MEDCs will have higher life expectancy’s than LEDCs)
Informal sector
Self employed and don’t get taxed
Free trade?
2 countries which trade without restrictions
MNCs?
Multi National Companies
World wide companies
NGOs?
None government organizations
Charities are the main example of NGOs
Multiplier effect?
People get paid more meaning they spend more which increases national income and lives can be improved with that money