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Glossary of development-ch.9
Created by collegegirl26
- Development
- The process of improving material conditions of people through diffusion of knowledge and technology.
- Gender Empowerment Index (GEM)
- Compares the ability of men and women to participate in economic and political decision making.
- Gender-Related Development Index (GDI)
- Compares the level of development of women with that of both sexes.
- Gross Domestic Product (GDP)
- The value of the total output of goods and services produced normally during a year.
- Human Development Index (HDI)
- A country's development level: Consisting of GDP, literacy rate, amount of education, and life expectancy.
- Less Developed Country (LDC)
- A country in earlier stage of development
- Literacy Rate
- The percentace of people in a country that can read and write.
- More Developed Country (MDC)
- A country that has progressed further along the development continuum.
- Primary Sector
- Workers that directly extract materials from the Earth through, agriculture, and sometimes by fishing, mining and forestry.
- Productivity
- The value of a particular product compared to the amount of labor needed to make it.
- Secondary Sector
- Includes manufacturers that process, transform, and assemble raw materials into useful products.
- Structural Adjustment Program
- A program that LDCs are required to adopt after receiving aid from MDCs. Like raising costs of thing and changing who controls companies and other things.
- Tertiary Sector
- Involves the provision of goods and services to people in exchange for payment. (Banking, law, education, etc.)
- Value Added
- The gross value of the product minus the cost of raw materials and energy.
