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Econ Development 1 Fenton

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Section 1

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GII

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Last updated

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Date created

Mar 1, 2020

Cards (21)

Section 1

(21 cards)

GII

Front

Gender Inequality Index- measures inequality between men and women, based on empowerment, labor force statistics and reproductive health

Back

Post-Industrial economy

Front

An economic phase in which manufacturing no longer plays a dominant role (tertiary, quaternary, and quinary sectors grow)

Back

GDP

Front

Gross Domestic Product- the total value of good and services produced within a country's borders in a year.

Back

Quinary Sector

Front

Economic sector concerned with the highest levels of decision-making (top government and business officials).

Back

GNP

Front

Gross National Product - total value of goods and services produced with the country's resources in a year.

Back

Industrial Revolution

Front

A series of improvements in industrial technology that transformed the process of manufacturing goods.

Back

Quaternary Sector

Front

The knowledge-based sector that includes research and development, business consulting, financial services, education, public administration, and software development

Back

Post-Fordist Production

Front

Changes in manufacturing including robotics, computers and other technology that decrease the need for human labor.

Back

Tertiary Sector

Front

The part of the economy that involves services rather than goods -- retail, food, travel, etc.

Back

Maternal Mortality Rate

Front

Number of deaths per 100,000 women giving birth.

Back

HDI

Front

Human Development Index, measure of quality of life using wealth, life expectancy and access to education factors.

Back

Pupil/teacher ratio

Front

The number of enrolled students divided by the number of teachers (measures education quality)

Back

Adolescent fertility rate

Front

The number of births to women aged 15-19 years old per 1,000 women in the same age group.

Back

Multiplier effect (industrial)

Front

One one job can produce multiple jobs -- secondary sector jobs have a strong multiplier effect.

Back

Primary Sector

Front

The portion of the economy concerned with the direct extraction of materials from Earth's surface, generally through agriculture, mining, fishing, and forestry.

Back

Fordist production

Front

Form of mass production in which each worker is assigned one specific task to perform repeatedly.

Back

LDC

Front

Less developed country with a lower level of material well being (Asia, Africa, Latin America)

Back

Secondary Sector

Front

The portion of the economy concerned with manufacturing useful products through processing, transforming, and assembling raw materials.

Back

Years of schooling

Front

The number of years that the average person aged 25 or older in a country has spent in school

Back

GNI

Front

The value of the output of goods and services produced in a country in a year, including money that leaves and enters the country

Back

HDC

Front

Highly developed country: complex industrial bases, low rates of population growth, high per capita incomes (USA, Canada, western Europe)

Back