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Chapter 9: Vocab

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Development improvement in the material conditions of people
Fair Trade Products are made and traded according to standards that protect workers and small businesses in LDC's
Foreign Direct Investment investing in another countries economy
Gender Empowerment Measure comparing the ability of women and men to participate in economic and political decision
Gender-Related Development Index compares the level of development of women with that of sexes
Gross Domestic Product value of total output of goods and services provided by a country
Human Development Index indicator of level of development for each country from the united nations combining income, literacy, education, and life expectany
Less Developed Country a country that is a very low rate of developing
Literacy Rate % of a country's people who can read and write
More Developed Country a country that has progressed in developed
Primary Sector direct extraction of materials from Earth in agriculture, fishing, mining, and forestry
Productivity value of a particular product compared to labor needed
Secondary Sector Concerned with manufacturing such as transforming and processing raw materials
Structural Adjustment Program economic policies imposed on LDC's by international agencies encouraging international trade
Tertiary Sector portion of economy associated with transportation and communication
Transnational Corporation selling products in places other than your country
Value Added the gross value of the product minus the cost of materials
Created by: melissamo1
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