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Martha sharma develo

martha sharma industrialization and development unit

WordDefinition
Agricultural Labor Force The amount of people that work as farmers.
Core-periphery model the patter of distribution of MDCs and LDCs
Dependency ratio The number of people under 15 and over 64 to the number in the labor force.
Energy consumption index of development. MDCs much more energy per capita than LDCs.
Foreign direct investment investment in the economies of LDCs by transnational corporations based in MDCs.
GDP Th total value of goods and services produced in a year in a given country. the value varies greatly between MDCs and LDCs and is one of the best indicators of development.
GNP like GDP but includes the income that people earn abroad.
HDI aggregate index of development, which takes into account economic, social and demographic factors, using GDP, literacy and education, and life expectancy.
Measures of development include GDP, literacy rate, life expectancy, calorie intake, etc.
Necolonialism the economic control that MDCs are sometimes believed to have over
Physical Quality of Life Index based on literacy rate, infant mortality rate, and life expectancy at age one.
Purchasing power parity index of income related to GDP. PPP takes into account price differences between countries. Usually goods in LDCs are priced lower, so this makes the difference between LDCs and MDcs less.
Rostow Stages of growth model creator.
World Systems Theory explains the power hierarchy in which powerful and wealthy "core" societies dominate and exploit weak and poor peripheral societies.
Bid rent theory how price and demand on land changes as the distance towards the CBD increases. Important because it provides and explanation as to the spatial distribution of urban areas.
Agglomeration economies benefits or advantages resulting from the spatial clustering of activities and/or people.
Stages of Growth Model 1- Traditional society 2-Transitional society 3-take off 4-Drive to Maturity 5- High Mass Consumption
Created by: mdufek