India Flashcards
What is a TNC?
A TNC (Transnational Corporation) is an international company
What is an emerging country?
A country which is rapidly catching up with a developed country or a recently developed country with medium/high human development.
What is Social development?
The quality of life
e.g health, education
What is economic development?
Income
e.g jobs, industry
What is political development?
How corrupted or politically free a country is
What does the Gini Coefficient measure?
It measures the extent to which a society is unequal, 0=perfectly equal
What is coloniasm?
Where one country rules other countries by force
What is neo-coloniasm?
Controlling other countries without force
What is topography?
The relief (shape) and physical features of a place
What are primary commodities?
Goods which are raw or unprocessed e.g coffee beans, fruit, cotton
What are exports?
Goods sold
What are imports?
Goods bought
What are terms of trade?
The share of a country’s export prices compared to its import prices
What is FDI?
FDI (foreign direct investment) is when a foreign company invests in a country e.g by building a factory or a shop
What is outsourcing?
It is when a company moves some services overseas
