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20 Cards in this Set
- Front
- Back
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primary activity |
Economic activity concerned with the direct extraction of natural resources from the environment, such as mining, agriculture, fishing, etc. |
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secondary activity |
Economic activity involving the processing of raw materials and their transformation into finished industrial products, manufacturing |
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tertiary activity |
Economic activity associated with the provision of services, such as transportation, banking, retailing, education, and office-based jobs |
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quaternary activity |
Service sector industries concerned with the collection, processing, and manipulation of information and capital. Examples include finance, administration, and insurance. |
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life expectancy |
A figure indicating how long, on average, a person may be expected to live. |
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infant mortality rate |
A figure that describes the number of babies that die within the first year of their lives in a given population. |
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rate of natural increase |
The annual rate of population growth |
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birth rate |
number of live births per 1,000 people in a population a given year. |
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death rate |
number of deaths/ 1000 people in a population in a given year |
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per capita income |
amount of money earned in one year in that nation by an average person |
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purchasing power parity |
Measurement of what the same amount of money buys in different countries |
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gross national product |
A measure of the total value of the officially recorded goods and services produced by the citizens and corporations of a country in a given year. |
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literacy rate |
The percentage of a country's people who can read and write. |
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gross national income |
The monetary worth of what is produced within a country plus income received from investments outside the country. |
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gross domestic product |
The market value of all final goods and services produced within a country in a given period of time. |
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human development index |
Indicator of level of development for each country, constructed by United Nations, combining income, literacy, education, and life expectancy |
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physical quality of life index |
A composite indicator of development composed from life expectancy, literacy rate, and infant mortality. |
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less developed country |
Less developed country (LDC) A country that is at a relatively early stage in the process of economic development. |
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more developed country |
More developed country (MDC) A country that has progressed relatively far along a continuum of development. |
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newly industrialized country |
A subgroup of developing countries that have experienced rapid industrialization of their economies. Taiwan, India, Argentina, Mexico, Brazil are examples. |
