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Economic Development and Inequality

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show The economy is the way in which a country organises its use of money, goods and trade.  
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What were more developed economies referred to as   show
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show Countries with less developed economies are referred to as ‘developing countries’, or sometimes as ‘less economically developed countries (LEDCs)’.  
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show Type of Employment Education Rate Adult Literacy Rate Average Life Expectancy Gross Domestic Product (GDP)  
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show The education rate is the average amount of time spent in education in a country. It is measured in years in education.  
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show The adult literacy rate is the percentage of adults in a country who can read and write.  
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show Average life expectancy is the average number of years a person can expect to live from time of birth.  
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show Unfair Trade International trade is the exchange of capital, goods and services across international borders. Unfair trade is where developing countries do not receive a fair price for their exports. Globalisation Globalisation has also hindered economic  
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Created by: JMahango
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