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AP GEO HCHS CH 9

Adams HCHS AP Human Geo. Rubenstein Ch 9

QuestionAnswer
demand The quantity of something that consumers are willing and able to buy.
development A process of improvement in the material conditions of people through diffusion of knowledge and technology.
fair trade Alternative to international trade that emphasizes small businesses and worker-owned, democratically run foreign direct investment(FDI).
Foreign direct investment (FDI) Investment made by a foreign company in the economy of another country.
Gender Inequality Index (GII) A measure of the extent of each country’s gender inequality.
Gross Domestic Product (GDP) The value of the total output of goods and services produced in a country in a given time period.
Gross National Income (GNI) The value of the output of goods and services produced in a country in a year, including money that leaves and enters the country.
housing bubble A rapid increase in the value of houses followed by a sharp decline in their value.
Human Development Index (HDI) Indicator of level of development for each country, combining income, literacy, education, and life expectancy.
literacy rate Percentage of a country’s people who can read and write.
microfinance Provision of small loans and other financial services to individuals and small businesses in developing countries.
Millennium Development Goals Eight international development goals that all members of the U.N. have agreed to achieve by 2015.
primary sector Portion of the economy concerned with the extraction of natural resources.
Productivity The value of a particular product compared to the amount of labor needed to make it.
quaternary services Service industries including or related to transportation, telecommunications, real estate, insurance, finance, and management.
quinary services Service industries such as research, education, and engineering that facilitate the creation of innovations through the production of new knowledge and skills.
secondary sector The portion of the economy that assembles, processes, or converts raw or semi-processed materials into fuels or finished goods.
structural adjustment program Economic policies imposed on LDCs by international agencies to create conditions encouraging trade, such as raising taxes, reducing government spending, controlling inflation, selling publicly owned utilities to private corporations.
supply The quantity of something that producers have available for sale.
tertiary sector Industry that provides services, usually in the form of nontangible goods (transportation, communications, utilities), to other businesses and/or consumers.
uneven development Development of core regions at the expense of those on the periphery.
value added The gross value of the product minus the costs of raw materials and energy.
Created by: flordaman