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memorize.ai (lvl 286)

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Section 1

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Commodification

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Politics

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Last updated

6 years ago

Date created

Mar 1, 2020

Cards (28)

Section 1

(28 cards)

Commodification

Front

Giving a price tag or value to something that was not previously perceived as having a money-related value.

Back

Conditional Cash Transfers

Front

A government agency provides an economic incentive for families who engage in a certain healthy behavior

Back

trade

Front

Exchange of goods and services

Back

comparative advantage

Front

the ability to produce a good at a lower opportunity cost than another producer

Back

Remittances

Front

Money migrants send back to family and friends in their home countries, often in cash, forming an important part of the economy in many poorer countries

Back

export goods

Front

goods sent to another country

Back

trade

Front

Exchange of goods and services

Back

refugee

Front

A person who has been forced to leave their country in order to escape war, persecution, or natural disaster

Back

currency

Front

a system of money in general use in a particular country.

Back

migrant

Front

moving from place to place

Back

Gold Standard

Front

A monetary system in which paper money and coins are equal to the value of a certain amount of gold

Back

Tariff

Front

A tax on imported goods

Back

finance

Front

Provide funding for a person or enterprise.

Back

Foreign Direct Investment

Front

ownership and management of a productive asset in another country

Back

development

Front

variously defined as economic growth, improving living standards or enhancing peoples control over their own lives

Back

Front

Back

private property

Front

property owned by individuals or companies, not by the government or the people as a whole

Back

Great Leap Forward

Front

economic and social plan used in China from 1958 to 1961 which aimed to use China's vast population to rapidly transform the country from an agrarian economy into a modern industrial society.

Back

asylum seeker

Front

Someone who has migrated to another country in the hope of being recognized as a refugee- looking for protection

Back

floating exchange rate

Front

an exchange rate policy under which a government permits its currency to be traded on the open market without direct government control or intervention

Back

Capitalism

Front

an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.

Back

Inclusive Institutions

Front

Institutions where a plurality of groups are included in the process of governing and the economy.

Back

non-tariff barriers

Front

non tax methods of increasing the cost or reducing the volume of imported goods

Back

Resource Curse

Front

occurs when a state relies on a key resource for almost all of its revenue, allowing it to ignore its citizens and resulting in a weak state

Back

multidimensional poverty

Front

measure of poverty that accounts for health, education, and the standard of living

Back

Mercantilism

Front

belief in the benefits of profitable trading; commercialism.

Back

developmental states

Front

where the state pays an active role in investing in the economy including through the use of subsides, credit, or limits on imports

Back

Foreign Direct Investment (FDI)

Front

Investment made by a foreign company in the economy of another country.

Back