Vocabulary Flashcards
1
Q
Growth
A
The expansion of the economy’s
production possibilities
2
Q
Development
A
Improvement in standards of living,
reduction in poverty, improved health,
and better education.
3
Q
Sustainable development
A
Development that meets the needs of
present generation without
compromising future generations
4
Q
Casual relationship
A
Change in price cause change in quantity
5
Q
Negative relationship
A
The variables change in opposite directions
