| A | B |
|---|
| Development | a process of improvement in teh material conditions of people through diffusion of knowledge and technology. |
| Gender Empowerment Index (GEM) | compares the ability of women adn men to participate in economic and political decision making |
| Gender-Related Development Index (GDI) | compares teh level of development of women with that of both sexes |
| Human Development Index (HDI) | Indicator of level of development for each country, constructed by UN, combining income, literacy, education, and life expectancy. |
| Gross domestic Product (GDP) | The value of the total output of goods adn services produced in a country in a given time period (normally one year) |
| Less developed country (LDC) | Also known as a developing country, a country that is at a relatively early stage in teh process of economic development |
| Literacy rate | The percentage of a country's perople who can read and write |
| More developed country (MDC) | Also known as a relatively developed country or a developed country, a country that has progressed relatively far along a continuum of development |
| Primary sector | The portion of the economy cocerned with the direct extraction of materials from Earth's surface, generally through agriculture, although sometimes by mining, fishing, and forestry |
| Productivity | The value of a particular product compared to the amount of labor needed to make it |
| Secondary sector | the portion of the economy concerned with manufacturing useful products through processing, transforming, and assembling raw materials |
| Structural adjustment program | Economic policies imposed on less developed countries by international agencies to create conditions encouraging international trade, such as raising taxes, reducing goverment spending, controlling inflation, selling publicly owned utilities to private corporations, and charging citizens more for services |
| Tertiary sector | the portion of teh economy concerned with transporation, communications, and utilities, sometimes extended to the provision of all goods and services to people in exchange for payment |
| Value added | the gross value of the product minus the costs of raw materials and energy |
