Sustainable Development and Economic Practices

These flashcards cover key vocabulary and concepts related to sustainable development and economic practices as discussed in the lecture notes.

Sustainable Development Goals (SDGs)

Goals set by the UN to help preserve natural resources, prevent environmental damage, reduce inequality, and promote sustainable futures by 2030.

Small-scale finance

Small loans provided to assist local businesses, helping to improve economic conditions and reduce inequality, particularly for women.

Ecotourism

Tourism that focuses on natural environments, aiming to protect these areas while creating employment for local communities.

Public transportation

A transportation system that is crucial for achieving various Sustainable Development Goals such as health, education, and job opportunities.

Gross Domestic Product (GDP)

The total value of all goods and services produced in a country within a year.

Microloans

Small, temporary loans designed to help individuals start or improve their businesses, often used by women to escape poverty.

Gender Inequality Index (GII)

A measure that assesses gender inequality in terms of reproductive health, empowerment, and labor-market participation.

Comparative Advantage

The ability of a country to produce a good at a lower opportunity cost than another country, promoting trade.

Outsourcing

The practice of hiring another company to produce goods or services, often to reduce costs.

Tariffs

Taxes imposed on imported and exported goods, which raise revenue for governments.