How the economy changes within an area and how people cope with it, takes the forms of global shift, economic restructure, booms, and recessions
1 of 8
Gini Coefficient
Number between 0-1, the lower it is the more equal things are, however it is unreliable because it doesn't take the middle range into consideration
2 of 8
Foreign Direct Investment
Inward investment by a foreign company (usually TNC) to a country
3 of 8
Spatial Inequality
Unequal distribution of factors such as income, education or health across geographic space at any scale
4 of 8
Quality of Life
Extent to which people's needs and desires are met. Social, psychological and physical needs that can be seen in areas of treatment of people
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Standard of Living
Ability to access services and goods, including basics such as food and water, clothes, housing, and personal mobility
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Time-Space Compression
Set of processes leading to a "shrinking world" caused by reductions in the relative distance between places
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Knowledge Economy
Wealth creating activities that gather, store and analyse knowledge for example high tech manufacturing, finance, telecommunications, business services, design, education and health
8 of 8
Other cards in this set
Card 2
Front
Number between 0-1, the lower it is the more equal things are, however it is unreliable because it doesn't take the middle range into consideration
Back
Gini Coefficient
Card 3
Front
Inward investment by a foreign company (usually TNC) to a country
Back
Card 4
Front
Unequal distribution of factors such as income, education or health across geographic space at any scale
Back
Card 5
Front
Extent to which people's needs and desires are met. Social, psychological and physical needs that can be seen in areas of treatment of people
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