Key Terms Flashcards
LEDC
A Less Economically Developed Country
Often recognised by its poverty and low standard of living
E.g. Kenya
MEDC
A More Economically Developed Country
Often recognised by its wealth and high standard of living
E.g. Ireland
Economic indicators
Figures relating to the wealth and economy of a country
E.g. GNP (Gross National Product)
Social indicators
Figures relating to the quality of life within a country
E.g. Life expectancy
Primary activity
An activity that uses the Earth’s resources as a way of making money
E.g. Farming
Secondary activity
An activity that involves the manufacturing of a product to make money
E.g. Factory jobs/baking
Tertiary activity
An activity where a service is provided
E.g. Hairdresser
Quaternary activity
An activity that focuses on the research and development of a new product
E.g. Drugs
Interdependent
Describes countries which rely on other countries to get products they need and earn money because they cannot produce everything they need themselves.