DEVELOPMENT GAP

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  • Created by: laveezah
  • Created on: 27-01-16 21:32
DEVELOPMENT
Is the improvement in the quality of life and standard of living in a country, normally equated in a rise in economic wealth.
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STANDARD OF LIVING
Refers to the economic level of a persons daily life.
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QUALITY OF LIFE
Is the measure of peoples well-being using only social measures.
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TARIFFS
Taxes imposed on imports, which makes foreign goods more expensive to the consumer.
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QUOTAS
Limits on the amount of goods imported and usually work in the MEDC`S favor
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SUSTAINABLE DEVELOPMENT
Economic growth that has a long future as people work in harmony with the environment on which they depend.
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ECONOMIC CORE
The centre of a country or region economically, where businesses thrive, people have opportunities and are relatively wealthy.
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ECONOMIC PERIPHERY
The edge of a country or region in terms of economics. It might not be the edge but it is a more remote, difficult area where people tend to be poorer and have fewer opportunities.
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Other cards in this set

Card 2

Front

Refers to the economic level of a persons daily life.

Back

STANDARD OF LIVING

Card 3

Front

Is the measure of peoples well-being using only social measures.

Back

Preview of the back of card 3

Card 4

Front

Taxes imposed on imports, which makes foreign goods more expensive to the consumer.

Back

Preview of the back of card 4

Card 5

Front

Limits on the amount of goods imported and usually work in the MEDC`S favor

Back

Preview of the back of card 5
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