key terms Flashcards
(27 cards)
GNI per capita
gross national income per person
HIC
a country with a GNI per capita over $12,736
NEE
a country with a GNI per capita between $1,045 and $12,736
LIC
a country with a GNI per capita below $1,045
quality of life
general wellbeing of the population of a country
misleading
when data may cause someone to not understand something correctly
inaccurate
when data has been collected incorrectly
informal economy
a part of a country’s economy that is not taxed or regulated e.g. markets, drug trade
working population
people in emplyment who have to support the dependant population (18-64)
dependant population
those who rely on the working population for support i.e. children 0-15 and 64+
dependency ratio
proportion of the population not in work who rely on those in work, shown as a %
cohort
a group in a population pyramid e.eg males 0-4
colonialism
when one nation controls another nation and its people
landlocked
when a country is completely surrounded by other countries and has no natural borders with the ocean
debt
when a country takes out a loan which they must pay back
interest
an added cost that the organisation who gave the loan makes profit from
primary product
raw materials and agricultural produce
secondary product
goods made in factories
transnational corporations (TNCs)
companies with offices or factories in multiple countries
multiplier effect
knock-on effect from introduction of new industry. can be positive or negative
microfinance loan
borrowing a small amount of money e.g $100-$200
international aid
a gift of money, goods or services to another country
fair trade
a scheme farmers can join which makes sure they are paid fairly for the products they produce
intermediate technology
technology that uses cheap and readily available materials to local people in LICs
