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Economics 4.3.1

Economics- Edexcel 4.3.1

TermDefinition
development programs, policies or activities that seek to improve the economic well-being and quality of life for a community
Amartya Sen claims human development frees people from suffering caused by early/premature mortality, persecution, starvation/malnutrition, illiteracy
Michael Todaro’s 3 objectives of development life sustaining goods and services, high incomes, freedom to make economic and social choices
HDI human development index
Focus of HDI longevity, basic education, minimal income
HDI is made up of knowledge, long and healthy life, decent standard of living
Knowledge in HDI mean years of schooling and expected years of schooling
Long and healthy life in HDI minimum value for life expectancy of 25 years and maximum value of 85 years
Decent standard living in HDI data rom GNI per capita adjusted for PPP
GNI gross national income
Country with highest HDI switzerland
Country with lowest HDI south sudan
Disadvantages of HDI doesn’t take into account qualitative factors(cultural identity & political freedoms)/GNI per capita takes no account of income distribution/PPP changes quickly and can be inaccurate
Gender equality denotes women having the same opportunities in life as men, including the ability to participate in the public sphere
Gender equity denotes the equivalence in life outcomes for women and men, recognising their different needs and interests
Created by: jessharris
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