Rich and Poor

Question 1

black market (scharreleconomie)

Answer 1

informal sector, not paying taxes, no security

Question 2

core countries (centrumlanden)

Answer 2

most developed (rich/wealthy) countries

Question 3

developing countries (ontwikkelingslanden)

Answer 3

not part a wealthy or industrialized country

Question 4

distribution country

Answer 4

A country that plays a major role in the distribution

of goods to the hinterland (inland).

Question 5

final products (eindproducten)

Answer 5

Products that are ready and can be sold.

Question 6

formal sector

Answer 6

The official part of the economy. The activities in the
formal sector can be found in the government’s statistics. Taxes are paid and workers have securities such as healthcare.

Question 7

globalisation

Answer 7

Process in which regions in the world are connected to each other more and more.

Question 8

gross domestic product per capita (GDP/capita) (bruto binnenlands product per hoofd)
(bbp/hoofd)

Answer 8

Everything that is earned in a country in a year divided by the population.

Question 9

hinterland/inland (achterland)

Answer 9

The region that depends on a port for the import and export of
goods.

Question 10

informal sector (informele sector)

Answer 10

The unofficial part of the economy, also called the

black market. The activities of this sector usually do not end up in the government’s statistics. No taxes are paid.

Question 11

infrastructure

Answer 11

All facilities required to transport people, goods or

information (roads, rail roads, ports, fibreglass, etc.).

Question 12

labour force

Answer 12

All people who do paid work plus the

unemployed.

Question 13

labour intensive

Answer 13

A lot of people work on one product, few machines

are used. Heavy physical work.

Question 14

life expectancy

Answer 14

Indicates at birth how old people are expected to

become on average.

Question 15

literacy rate (alfabetiseringsgraad)

Answer 15

Indicates how much percent of the population of 15

years and older can read and write.

Question 16

location factor (vestigingsplaatsfactor)

Answer 16

Reason for a company to establish themselves

somewhere.

Question 17

low-wage countries

Answer 17

Countries in the (semi-)periphery where the

wages (salaries) are lower than in the core countries. They are an attractive location for labour-intensive companies.

Question 18

mainport

Answer 18

Port or airport with an important role in international transportation.

Question 19

multinational corporation (MNC) (multinationale onderneming (MNO)

Answer 19

Large company that has factories and offices in multiple countries.

Question 20

periphery

Answer 20

Group of poor countries that still have a strong agricultural focus.

Question 21

poverty line

Answer 21

Indicates the minimum requirements per day, the so called basic necessities: food, healthcare, a roof over your head and clothing. The poverty line in a
rich country is higher than in a poor country.

Question 22

purchasing power

Answer 22

How much you can buy in a country for one dollar or euro.

Question 23

raw materials (grondstoffen)

Answer 23

Unprocessed goods

Question 24

regional inequality

Answer 24

Big differences in development rate within

one country.

Question 25

semi-finished products

Answer 25

Processed resources (between resource and 
end product).

Question 26

semi-periphery

Answer 26

Countries that are developing fast.

Question 27

social inequality

Answer 27

Big differences in income between groups of

people.

Question 28

trade balance (handelsbalans)

Answer 28

Overview of the value of goods that are imported and

exported.

Question 29

well-being

Answer 29

The wealth of a country measured by the living conditions, such as health, education and food. Also called social prosperity.