| Question |
 |
|
| Answer |
|
|
| Development |
The process of improving the material conditions of people through diffusion of knowledge and technology. |
| MDC |
More developed country |
| LDC |
Less developed country |
| Developing Country |
A country that has made progress and expects to continue |
| HDI |
Human Development Index was created by the UN, recognizes that a country's level of development is a function of economic, social, and demographic factors. |
| GDP |
Gross domestic product is the value of the total output of goods and services produced in a country, normally during a year. |
| Primary sector |
Workers who extract materials from the earth |
| Secondary Sector |
Manufacturers that process, transform and assemble raw materials into useful products. |
| Tertiary Sector |
Involves the provision of goods and services to people in exchange for payment. |
| Productivity |
The value of a particular product compared to the amount of labor needed to make it. |
| Value added |
In manufacturing this means the gross value of the product, minus the cost of raw materials and energy. |
| Literacy Rate |
The percentage of a countries people who can read and write. |
| Structural Adjustment Programs |
Economic policies that create conditions encouraging international trade, such as raising taxes, reducing government spending, controlling inflation, selling publicly owned utilities to private corporations, and charging citizens more for services. |
| GDI |
Gender-Related Development Index compares the level of development of women with that of both sexes |
| GEM |
Gender Empowerment Measure compares the ability of women and men to participate in economic and political decision making. |
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