Geography Standard of living Voacb Flashcards
Developed Countries
Countries with strong economies and a high quality of life and standard of living
Developing Countries
Countries with less productive economies and a lower quality of life and standard of living
Gross Domestic Product (GDP)
GDP is the total value of all goods and services produced in a country
Per capita
Per Person
Purchasing Power
The ability to spend money
Standard of Living
refers to the quality and quantity of goods and services available to people. It is usually measured by real income per person, although sometimes other measures may be used; (examples are access to certain goods (such as number of refrigerators per 1000 people), or measures of health such as life expectancy).
Demographer
A geographer who studies information about human populations
Demographics
Information about human populations
Human Development Index
HDI is a number that measures economic and human well-being on a scale of 0 to 1. It combines life expectancy, literacy and purchasing power into one number.
Life Expectancy
How long a person is expected to live To calculate average life expectancy, a wide variety of characteristics can be looked at, including gender, hospitals and medical care available in the country, genetics, and lifestyle habits including smoking, drinking, eating, exercise, and sleep patterns that are common in the country of residence.
Literacy Rate
The percent of people in a country who can read and write on a functional level
Percent of population under age 15
Developing countries with a high percentage of young people may have trouble providing enough jobs, schools and food. They may also risk overpopulation.
Rural population
The percentage of people living in cities with a population less than 2,000
Urban population
The percentage of people living in cities with a population of 2,000 or more
Capital Resource
Things that are produced by people and used over and over again to produce other goods and services (Computers, machines, tools…)
Consumption
The use of goods and services by consumers, businesses, and governments
Human Capital
A set of skills a person acquires through education, training or experience which helps them create a good or provide a service. The more human capital a person possesses the more their market value increases.
Human Resource
Human effort directed to the production of goods and services. (People who work are human resources)
Natural Resource
Something found in nature that people use to produce goods and services. (e.g. land, trees, animals, mineral deposits, soils, etc…)
Opportunity Cost
The highest valued alternative that is given up when a choice is made
Productive Resource
Any resource that is used to produce a good or provide a service. These include any type of human, natural and capital resources.
Scarcity
The condition where people cannot have all the goods and services they want. It results from the imbalance of unlimited wants and limited resources. (Not enough)
Crops
A group of plants grown by people for food or other use (especially large scale farming or horticulture)
Human Environment Interaction
How humans use, adapt, and change their environment (HEI)
