changing economic world keywords Flashcards
(23 cards)
capitalism
system where trade and sectors of the economy are run for profit to develop the country
colonialism
getting control over other countries, involving exploitation for resources
communism (money wise)
belief that the population should be classless and financially equal
corruption
government is dishonest or steal financial aid
demographic transition model
a model describing the population, birth and death rates and how that effects development
economic inequality
difference in wealth between the richest and the poorest
GNI per capita
total amount of money earned by individuals/ businesses divided by the population
governance
management of a place or group of people
human development index
a measure of several indicators e.g. life expectancy, education
immigration
movement of people to a new country
infant mortality rate
ratio of children under 5 who die compared to the total number of births
life expectancy
average number of years an individual is likely to live
literacy rate
the percentage of the population that can read and write
low income country (LIC)
a country of low wealth and limited levels of development
middle income country (MIC)
a country of sufficient wealth and a good level of development
non-government organisation
a company/organisation that operates separate from the government and doesn’t aim to make profit e.g. charities
pollution levels
volume of pollution in the air or water
quality of life
standard of living for a person e.g. health, comfort, access to services
respiratory conditions
illnesses that affect your breathing e.g. asthma
social inequality
the difference in quality of life between the highest and lowest income families
squatter settlements
clusters of temporary housing which migrants or LIC families live in e.g. Makoko
Development gap
The difference in living standards between the richest and poorest countries
North south divide
Northern hemisphere don’t recerive as much funding as the south in the future
