Glossary Of Key Terms Flashcards
What does H I C stand for?
High income country
Describe what makes a country a HIC
Developed country Higher GNI ($12056 per capita) Urban to rural migration (commute to big cities for work or work from home)
What does LIC stand for?
Low income country
Describe what makes a country LIC
Less developed countries
Haven’t experienced urbanisation
GNI $1045 per capita or less
What does NEE stand for?
Newly emerging economy
Describe what makes a country an NEE
Newly industrialised
More advanced economically than LIC counter parts
Not yet fully developed
What does GNI stand for?
gross national income
What is GNI?
The country’s gross domestic product (GDP) plus the income from abroad.
It represents the amount of money made in a given year by a country.
What does HDI stand for?
Human development index.
What is HDI?
The HDI is a set of statistics that rank countries in 4 tiers of human development by measuring life expectancy, education and Per capita income.
The tiers are very high, high, medium and low.
What is quality of life?
The standard of health, comfort and happiness experienced by an individual or group.
What is standard of living?
The degree of wealth and material comfort available to a person or community.
What is birth rate?
The number of living births per thousand per year
What is death rate?
The ratio of deaths to the population of a particular area or during a particular period of time. Usually per one thousand people per year.
What is infant mortality rate?
The number of deaths per 1000 live births of children under 1 year of age.
What is prime industry?
Industry such as mining, agriculture or forestry, that is concerned with obtaining or providing natural raw materials.
What is secondary industry?
Industry that converts the raw materials provided by the primary industry into products for consumers.
What is tertiary industry?
This is the industry that provides services for consumers including businesses such as financial institutions, schools and restaurants.
What is quaternary industry?
The sector of industry that involves intellectual services such as research, development and information.
What is the demographic transition model?
This model shows population change over time. It studies how birth and death rate affect the total population of a country.
There are 5 stages to the model.
