Term
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Definition
| a process of improvement in the material conditions of people through diffusion of knowledge and technology |
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Term
Gender Empowerment Measure
(GEM) |
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Definition
| compares the ability of women and men to participate in economic and political decision making |
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Term
Gender-Related Development Index
(GDI) |
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Definition
| compares the level of development of women with that of both sexes |
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Term
Gross Domestic Product
(GDP) |
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Definition
| the value of the total output of goods and services produced in a country in a given time period |
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Term
Human Development Index
(HDI) |
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Definition
| indicator of level of development for each country, contructed by United Nations, combining income, literacy, education, and life expectancy |
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Term
Less Developed Country
(LDC) |
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Definition
| also known as a developing country, a country that is at a relatively early stage in the process of economic development |
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Term
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Definition
| The percentage of a country's people who can read and write |
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Term
More Developed Country
(MDC) |
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Definition
| also known as a relatively developed country, a country that has progressed relatively far along a continuum of development |
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Term
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Definition
| the portion of the economy concerned with the direct extraction of material's from Earth's surface, generally through agriculture, although sometimes by mining, fishing, and forestry |
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Term
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Definition
| the value of a particular product compared to the amount of labor needed to make it |
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Term
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Definition
| the portion of the economy concerned with manufacturing useful products through processing, transforming, and assembling raw materials |
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Term
| Structural Adjustment Program |
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Definition
| economic policies imposed on less developed countries by international agencies to create conditions encouraging international trade |
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Term
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Definition
| the portion of the economy concerned with transportation, communication, and utilities |
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Term
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Definition
| the gross value of the product minus the costs of raw materials and energy |
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