People, Work And Development - Terminology (1) Flashcards

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0
Q

Employment

A

Regular trade or profession in return for momey

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1
Q

Work

A

Any occupation
Paid/unpaid
Formal/informal

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2
Q

Underemployment

A

Insufficient paid work got an individual during the day or week

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3
Q

Unemployed

A

Lack of paid work

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4
Q

Employment opportunities

A

Jobs that people, often employment, can apply for

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5
Q

Automation/mechanism

A

The replacement if people (workers) by machines and computers

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6
Q

Grants/subsidies

A

Government grants (capital) to encourage economic activity

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7
Q

Tariffs

A

Customs duty (tax) charged on foreign imports

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8
Q

Quotas

A

A limit in the amount of goods that an be traded.

Commonly applied to limit imports of selected items

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9
Q

Labour

A

The work force of an area

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10
Q

Market

A

The location of the people to whom goods produced are sold

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11
Q

Infrastructure

A

The built environment (roads, power supplies etc) that support the industry economy

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12
Q

Capital

A

Wealth created from economic activity usually money but also stocks, shares, buildings and machines

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13
Q

Costs

A

Expense incurred in setting up or running an economic activity

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14
Q

Imports/exports

A

Goods brought into and sent out of one country to and from another

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15
Q

Public/private investment

A

Money that is out into a development for later profits from council or government/private individuals or businesses

16
Q

Linkages

A

Connections between different components in an economic system

17
Q

Rationalism

A

Process of recognition in an industry to achieve greater efficiency
Usually involves cut back if workers

18
Q

Employment structure

A

Classification of jobs: primary, secondary and tertiary

19
Q

Primary sector

A

Industry involved in the extraction of natural materials

Fishing, farming, forestry and mining

20
Q

Secondary sector

A

Industry involved in the manufacturer of goods from raw materials

21
Q

Tertiary sector

A

Industry involved in the sale if the manufactured goods of provision of services
(shopping, transport)

22
Q

Quaternary sector

A

Industry involved in the provision of information

23
Q

Formal work

A

Properly regulated work

factory employment

24
Q

Informal work

A

Work done by people that is not recorded it regulated by the government and is not controlled or taxed.

25
Q

Economic activity

A

Any human activity involving capital (the payment of money eg. Farming, factory production)

26
Q

Economic development

A

The growth if one or more aspects of an area’s economy (eg. Agriculture, industry, commerce)

27
Q

Co-operative

A

An association of people organised for their mutual benefits in the production and/or marketing if goods and services

28
Q

Transitional corporation/multinational company

TMC/MNC

A

A large company with branched or production units in several countries
(Ford and coca cola)

29
Q

Newly industrialised country (NIC)

A

Countries that ate rapidly changing from LEDCs to MEDCs

South Korea and Taiwan

30
Q

More economically developed countries (MEDCs)

A

Countries with high GNP that have become wealthy by developing farming, industry and services

31
Q

Less economically developed countries (LEDCs)

A

Countries with a low GNP that are usually trying to boost living standards by developing their economic resources

32
Q

European Union (EU)

A

The economic organisation of a group of European countries to promote common trading, economic and social policies got mutual benefit

33
Q

Gross nation product (GNP)

A

The total value if a country’s goods and services during one year, usually divided by the number of the population (per capita)

34
Q

Case studies for this topic (5-6)

A
Aid in Mali 
Cambridge science park
Ghana and its trade
Nokia, a MNC
Regional regeneration of South Wales 
(London docklands)