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14 Cards in this Set
- Front
- Back
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development
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the process of improving the material conditions of people through diffusion of knowledge and technology
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Gender Empowerment Measure (GEM)
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compares the ability of women and men to participate in economic and political decision making
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Gender-Related Development Index (GDI)
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compares the level of development of women with that of both sexes
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Human Development Index (HDI)
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recognizes that a country's level of development is a function of three factors: economic, social, and demographic
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gross domestic product (GDP)
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the value of the total output of goods and services produced in a country, normally during a year
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less developed country (LDC)
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the country is still making progress and expects to continue
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literacy rate
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the percentage of a country's people who can read and write
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more developed country (MDC)
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a country that has progressed further along the development continuum
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primary sector
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consists of workers that directly extract materials from the Earth through agriculture, mining, fishing, and forestry
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productivity
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the value of a particular product compared to the amount of labor needed to make it
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secondary sector
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includes manufacturers that process, transform, and assemble raw materials into useful products
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structural adjustment program
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economic policies that create conditions encouraging international trade, such as raising taxes, reducing government spending, controlling inflation, selling publicly owned utilities to private corporations, and charging citizens more for services
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tertiary sector
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involves the provision of goods and services to people in exchange for payment
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value added
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the gross value of the product minus the costs of raw materials and energy
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