CEW Key Words Flashcards
(26 cards)
What is meant by ‘economic development’?
The process of improving the economic well-being and quality of life for a community by creating and retaining jobs and supporting or growing incomes.
True or False: GDP stands for Gross Domestic Product.
True
Fill in the blank: A country with a high GDP per capita is generally considered to be _______.
more developed
What does ‘HDI’ stand for?
Human Development Index
Which of the following is NOT a measure of development? A) GDP B) HDI C) Literacy Rate D) Average Temperature
D) Average Temperature
What is ‘deindustrialization’?
The decline of manufacturing industries in a region or economy.
True or False: The primary sector involves the extraction of raw materials.
True
What is ‘globalisation’?
The process by which businesses or other organisations develop international influence or start operating on an international scale.
Which sector of the economy is characterised by services rather than goods?
Tertiary sector
Fill in the blank: A _______ is an area that has been developed for industrial use.
brownfield site
What does ‘urbanisation’ refer to?
The increasing population in urban areas compared to rural areas.
True or False: ‘Outsourcing’ refers to relocating jobs to another country.
True
What is a ‘NEE’?
Newly Emerging Economy
Which of the following is a characteristic of a developing country? A) High literacy rate B) Low GDP per capita C) High life expectancy D) Advanced technology
B) Low GDP per capita
What does ‘fair trade’ aim to achieve?
To provide fair prices and better trading conditions to producers in developing countries.
Fill in the blank: ‘Primary products’ are goods that are _______.
extracted or harvested directly from the earth.
What is ‘foreign direct investment’?
Investment made by a company or individual in one country in business interests in another country.
True or False: ‘Social inequality’ refers to unequal access to resources and opportunities.
True
What does ‘sustainable development’ mean?
Development that meets the needs of the present without compromising the ability of future generations to meet their own needs.
Which of the following is a consequence of rapid urbanisation? A) Improved infrastructure B) Increased pollution C) Decreased job opportunities D) Lower living standards
B) Increased pollution
What is the purpose of ‘microfinance’?
To provide small loans to individuals in developing countries to start or expand small businesses.
Fill in the blank: A _______ economy relies heavily on agriculture and primary sector activities.
traditional
What is ‘income inequality’?
The unequal distribution of income within a population.
What is a ‘developed country’?
A country with a high level of industrialization, high standards of living, and advanced technological infrastructure.
