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| 6597482014 | Development | A process of improvement in the material conditions of people through diffusion of knowledge and technology | 0 | |
| 6597482015 | Gross domestic product (GDP) | The value of total output of goods and services produced in a country in a given time period (normally one year). | 1 | |
| 6597482018 | Job sector: primary | The portion of the economy concerned with the direct extraction of materials from Earth's surface, generally through agriculture, although sometimes by mining, fishing, and forestry. Very prominent in LDC's | 2 | |
| 6597482019 | Job sector: Secondary | The portion of the economy concerned with the direct extraction of materials from Earth's surface, generally through agriculture, although sometimes by mining, fishing, and forestry. Very prominent in LDC's | 3 | |
| 6597482020 | Job sector: Tertiary | The portion of the economy concerned with the direct extraction of materials from Earth's surface, generally through agriculture, although sometimes by mining, fishing, and forestry. Very prominent in LDC's | 4 | |
| 6597482021 | Job sector: Quarternary | The quaternary sector of the economy consists of intellectual activities. Activities associated with this sector include government, culture, libraries, scientific research, education, and information technology. | 5 | |
| 6597482025 | Income inequality | Refers to the extent to which income is distributed in an uneven manner among a population. | 6 | |
| 6597482026 | Consumer Goods | Household products, clothing, and other goods people buy to use for themselves | 7 | |
| 6597482027 | Raw materials | The availability of raw materials and energy resources measures a countries developmental POTENTIAL, as countries without a large amount of this(Japan, S.Korea, and Switzerland) are still successful. | 8 | |
| 6597482028 | Formal economy | The legal economy that is taxed and monitored by a government and is included in a government's Gross National Product; as opposed to an informal economy | 9 | |
| 6597482029 | Informal economy | Economic activity that is neither taxed nor monitored by a government; and is not included in that government's Gross National Product; as opposed to a formal economy. | 10 | |
| 6597482031 | Literacy rate | The percentage of a country's people who can read and write. Around 95% in MDC and around 35% in LDC's | 11 | |
| 6597482032 | School life expectancy) | the total number of years of schooling (primary to tertiary) that a child can expect to receive, assuming that the probability of his or her being enrolled in school at any particular future age is equal to the current enrollment ratio at that age. | 12 | |
| 6597482035 | Health indicator: life expectancy | The average number of years an infant can be expected to live, given current social, economic, and medical condition | 13 | |
| 6597482038 | HDI | Indicator of level of development for each country, constructed by United Nations, combining income, literacy, education, and life expectancy | 14 | |
| 6597482039 | Gender Development index (GDI) | Compares the level of development of women with that of both sexes | 15 | |
| 6597482041 | Self sufficiency model | Also called the balanced growth approach, This involves spreading investment throughout all regions within a country equally and then encouraging high tariffs and import duties. Was used by most LDC's, China, and India. | 16 | |
| 6597482042 | Rostows' s development model | Created by Walter Rostrow—Proposed that countries went through 5 stages of growth between agricultural and service-based economies. Assumed that each country had at least some form of comparative advantage that could be utilized in international trade and thus fund the country's economic development overtime., Stage 1: The Traditional Society. Stage 2: Preconditions for take-off. Stage 3: The Take Off. Stage 4: Drive to maturity. Stage 5: Age of Mass Consumption | 17 | |
| 6597482043 | World systems theory | Theory originated by Immanuel Wallerstein and illuminated by his three-tier structure (Core, periphery, semi-periphery), proposing that social change in the developing world is inextricably linked to the economic activities of the developed world. | 18 | |
| 6597482044 | Core | MDC that control global economy. G8 control almost 50% of industries in the world (TNCs) | 19 | |
| 6597482045 | Semi periphery | Between core and periphery. Characteristics of both. Former countries NITs, BRIC (Brazil, Russia, india, china) and Mexico. | 20 | |
| 6597482046 | Periphery | LDC characteristics. Low products, cheap labor...etc | 21 | |
| 6597482047 | Fair trade | trade in which fair prices are paid to producers in developing countries. | 22 | |
| 6597482048 | Free trade | international trade left to its natural course without tariffs, quotas, or other restrictions. | 23 | |
| 6597482050 | NGOs | A non-governmental organization (NGO) is an organization that is neither a part of a government nor a conventional for-profit business. | 24 | |
| 6597482051 | Transnational Corporation | A company that conducts research, operates favtories, and sells products in many countries, not just where it's headquarters or shareholders are located. TNCs help provide jobs in LDC countries to promote growth. | 25 |
