Terms : Hide Images
| 7768161389 | World Trade Organization | International organization that regulates international trade |  | 0 |
| 7768161390 | Foreign direct investment | Investment made by a foreign company in the economy of another country. |  | 1 |
| 7768161391 | OPEC | A group consisting of 12 of the worlds major oil-exporting nations |  | 2 |
| 7768161392 | Breeder Reactor | A nuclear power plant that creates its own fuel from plutonium |  | 3 |
| 7768161393 | World Bank | A major international lending agency for development projects based in Washington. |  | 4 |
| 7768161394 | International Monetary Fund | Global organization working to secure financial security |  | 5 |
| 7768161395 | Micro finance | Financial services like savings accounts |  | 6 |
| 7768161396 | Fair trade | trade in which fair prices are paid to producers in developing countries. |  | 7 |
| 7768161397 | Potential Reserves | Estimate of the amount of oil that can be extracted |  | 8 |
| 7768161398 | Fracking | Extraction of natural gas through hydraulic fracturing |  | 9 |
| 7768161399 | Demand | The quantity of something that consumers are willing and able to buy |  | 10 |
| 7768161400 | Supply | The quantity of something that producers have available for sale |  | 11 |
| 7768161401 | renewable resource | A natural resource that can be replaced at the same rate at which the resource is consumed |  | 12 |
| 7768161402 | Non Renewable Resources | a resource that cannot be reused or replaced easily (ex. gems, iron, copper, fossil fuels) |  | 13 |
| 7768161403 | GNI | Gross National Income |  | 14 |
| 7768161404 | PPP | Purchasing Power Parity |  | 15 |
| 7768161405 | Productivity | The value of a particular product compared to the amount of labor needed to make it. |  | 16 |
| 7768161406 | Value Added | the market value a firm adds to a product |  | 17 |
| 7768161407 | Consumer goods | physical products purchased by consumers for personal use |  | 18 |
| 7768161408 | Gender Inequality Index | A measure of the extent of each country's gender inequality |  | 19 |
| 7768161409 | Solar Energy | energy that comes from the sun |  | 20 |
| 7768161410 | Inequality-Adjusted HDI | Two countries with 2 different achievements can have the same IHDI |  | 21 |
| 7768161411 | Female Labor Force | The women that are working in the working class |  | 22 |
| 7768161412 | Participation Rate | Measure of the active portion of an economys labor force |  | 23 |
| 7768161413 | Maternal Mortality Rate | Number of deaths per thousand of women giving birth. |  | 24 |
| 7768161414 | Adolescent Fertility | The fertility rate for the girls form 15-19 |  | 25 |
| 7768161415 | Empowerment | Giving more responsibility to workers further down the chain of command in a hierarchy |  | 26 |
| 7768161416 | Brandt Line | divides the more developed north from the less developed south |  | 27 |
| 7768161417 | Dependency Theory | The theory that resources flow from LDCs to MDCs |  | 28 |
| 7768161418 | Developing country | A country that has low industrial production and little modern technology |  | 29 |
| 7768161419 | Economic indicators | statistics that measure variables in the economy |  | 30 |
| 7768161420 | Economic development | The improvement of living standards by economic growth. |  | 31 |
| 7768161421 | Gross national product | The market value of all the products produced in a year |  | 32 |
| 7768161422 | HDI | Human Development Index |  | 33 |
| 7768161423 | LDC | Less developed countries |  | 34 |
| 7768161424 | Literacy rate | The percentage of the population that can read and write |  | 35 |
| 7768161425 | Market-orientation | A company philosophy focused on meeting the needs of its customers |  | 36 |
| 7768161426 | MDC | more developed country |  | 37 |
| 7768161427 | Neo-colonialism | The use of pressures to control other countries |  | 38 |
| 7768161428 | Primary sector | The part of the economy that draws raw materials from the natural environment |  | 39 |
| 7768161430 | Quaternary sector | The knowledge section of the economy |  | 40 |
| 7768161431 | Rostow's Modernization Model | Each stage is a function of productivity and economical growth |  | 41 |
| 7768161432 | Secondary sector | The processing of raw materials |  | 42 |
| 7768161433 | Subsistence economy | A economy that relies on natural resources |  | 43 |
| 7768161434 | Sustainable development | economic development that is conducted without depletion of natural resources. |  | 44 |
| 7768161435 | Tertiary sector | A sector of the economy that concentrates on the provision of services |  | 45 |
