| A | B |
|---|
| development | process of improving the material condition of people through diffusion of knowledge and technology |
| MDC | country that has progressed further along the development continuum |
| LDC | country has already made some progress and experts to continue |
| GDP | value of the total output of goods and services produced in a country, normally during a year |
| primary sector | workers directly extract materials from Earth |
| secondary sector | manufacturers process, transform, and assemble raw materials into useful products |
| tertiary sector | involves protection of goods and services to people in exchange for payment |
| productivity | value of a particular product conpared to the amount of labor needed to make it |
| value added | gross value of the product minus the costs of raw materials and energy |
| literacy rate | percentage of a country that can read and write |
| GDI | compares the level of women's development with that of both sexes |
| GEM | compares the ability of women and men to participate in economic and political decision making |
| structural adjustment program | economic goals, strategies to achieve them, and external financing requirements |
| fair trade | products are made and traded according to standards that protect workers and small businesses in LDCs |
