Unit 7 Flashcards
The number of births per 1,000 women ages 15 to 19.
Adolescent Fertility Rate
The quantity of something that consumers are willing and able to buy.
Demand
A country that has progressed relatively far along a continuum of development.
Developed country (more developed country [MDC] or relatively developed country)
A country that is a relatively early stage in the process of economic development.
Developing country (less developed country [LDC])
A process of improvement in the material conditions of people through diffusion of knowledge and technology.
Development
An alternative to international trade that emphasizes small businesses and worker-owned and democratically run cooperatives and requires employers to pay workers fair wages, permit union organization, and comply with minimum environmental and safety standards.
Fair trade
The percentage of women holding full-time jobs outside the home.
Female labor force participation rate
A measure of the extent of each country’s gender inequality.
Gender Inequality Index (GII)
The value of the total output of goods and services produced in a country in a given time period (normally one year).
Gross domestic product (GDP)
The value of the output of goods and services produced in a country for one year, including money that leaves and enter the country.
Gross national income (GNI)
An indicator of the level of development for each country constructed by the United Nations that is based on income, literacy, education, and life expectancy.
Human Development Index (HDI)
Modification of the HDI to account for inequality within a country.
Inequality-adjusted HDI (IHDI)
The percentage of a country’s people who can read and write.
Literacy rate
The number of women who die giving birth per 100,000 births.
Maternal mortality ratio
Provision of small loans and other financial services to individuals and small businesses in developing countries
Microfinance
Eight international development goals that all members of the Untied Nations have agreed to achieve by 2015.
Millennium Development Goals
The portion of the economy concerned with the direct extraction of materials from Earth’s surface, generally through agriculture, although sometimes by mining, fishing, and forestry.
Primary sector
The value of a particular product compared to the amount of labor needed to make it.
Productivity
The amount of money needed in one country to purchase the same good and services in another country; adjusts income figures to account for differences among countries in the cost of goods.
Purchasing power parity (PPP)
The portion of the economy concerned with manufacturing useful products through processing, transforming, and assembling raw materials.
Secondary sector
The quantity of something that producers have available for sale.
Supply
The portion of the economy concerned with transportation, communications, and utilities, sometimes extended to the provision of all goods and services to people, in exchange for payment.
Tertiary sector
Development of core regions at the expense of those on the periphery.
Uneven development