Standard of living Flashcards
What does Lifestyle mean?
Lifestyle means the way a person lives.
What is the impact of development on the environment?
Increased technology, growing populations, and urbanisation.
What is sustainability?
The ability to maintain a certain rate or growth.
What resources should we use?
We should use finite resources.
How many environmental principles are there?
There are three environmental principles.
What are the environmental principles?
-Supporting a precautionary approach to environmental challenges.
-Undertaking initiatives to promote greater environmental awareness.
-Encouraging the development and use of environmentally friendly technology.
What is a self-sufficient society?
These are independent societies that look after themselves in order to survive
What are some examples of self-sufficient society?
Food production through agriculture.
Food through livestock.
Energy Generation.
What is a modern society?
The lifestyle of a modern society is dominated by technology.
What is a rural society?
the basic comforts of modern society are always in rural society.
What is inflation?
A general increase in prices.
How to measure inflation?
They use a CPI
What are the types of markets?
Goods and Services
Factor Market
Labour Market
Financial Market
What is a financial market?
These are markets that trade financial assets.
What is a goods and services market?
Goods and services are exchanged for money.
