Term | Definition |
MEDC | More Economically Developed Country |
LEDC | Less Economically Developed Country |
NIC | Newly Industrialised Country |
GDP | Gross Domestic Product - An indicator of the wealth of the country |
Per capita | Means per person. For example GDP per capita is a measure of the amount of money per person. |
Primary Industry | Industry in producing raw materials such as farming or mining. |
Secondary Industry | Industry from manipulating raw materials to produce something else such as factories producing electronics or processed foods. |
Tertiary Industry | Services such as office work, teachers... |
Infant Mortality Rate | The rate at which infants die under 1 years old. Countries with a high infant mortality rate have a lot of infants dying which is an indicator of a poor health system. |
Life expectancy | The average age someone is expected to live to. For Example the life expectancy of China is 72 years while the life expectancy of Afghanistan is 46. |
Indicators of Development | Statistics that we can look at which help us decide how developed a country is. Key indicators include Life expectancy, Education levels and GDP. |
Sustainable Development. | Development which is socially, economically and environmentally sustainable (can continue for a long time). |
HDI | Human Development Index. A measure of the development of a country taking into account a number of factors such as GDP, Life expectancy and education. |
Inequality | The difference in wealth between the rich and the poor. Countries with large inequality have very wealthy people and very poor people because the wealth isn't shared very evenly. |
Infrastructure | Roads, communication systems, public transport, electricity provisions...... Countries with good infrastructure are able to attract and sustain business. |
Healthcare | health services such as hospitals, doctors etc. A country with good healthcare would have a large number of doctors per capita, lots of hospitals with good facilities etc. |
Exports | The products which you send out of your country, providing income (money) for your country. |