4.6- HOW DID THE DEVELOPMENT GAP GROW PART 2 Flashcards
1
Q
What is a cash crop
A
A crop that you grow for sale
2
Q
What is corruption
A
dishonest conduct by people in official positions ;for example, they may accept bribes
3
Q
What are commodities
A
agricoltural produce and natural materials, sold in bulk: for example coffee, iron ore,oil
4
Q
How does adding value work?
A
process something in a way that increases its value; so you can charge more
5
Q
Why are LIC have little to no profit on cash crops?
A
The companies buy in bulk; they process it and add value to it + they pay the farmers as low as they can possibly can
6
Q
why is it bad to relay on few exports?
A
- If demand falls, prices fall, industry doesn’t work
- they are vulnerable
7
Q
Why is it hard to process things in poorer countries?
A
- They dont have the money or expertise to get started
- Their electricity may get unstable
- It is very hard to run a factory
savva is a nigga
8
Q
Why are not poorer countries not developing
A
Many are in deep conflict, with a big waste of money money spent on war
